Copy link
Increase text size
Decrease text size
Link copied

Sean Neville to step down as Circle co-CEO

Thu, 05 Dec 2019, 05:24 am UTC

Circle’s co-CEO Sean Neville will step down from his role, but continue his association with the company as an independent director, CoinDesk reported.

The peer-to-peer payments technology firm was co-founded by Neville and Jeremy Allaire in 2014. Circle is backed by $250 million from investors including Jim Breyer (Facebook), Goldman Sachs, IDG Capital (Baidu, Tencent), General Catalyst (AirBnB, Snapchat) and Accel Partners, with offices in Boston, New York, San Francisco, Dublin, London and Hong Kong.

It is worth mentioning here that Circle was the first company to receive a BitLicense from the New York Department of Financial Services in September 2015.

Neville informed the company’s Board of Directors of his plans to step down as co-CEO during a quarterly meeting.

While he did not specify any particular reason behind his decision, Neville said in an email (viewed by CoinDesk) that Circle’s recent sale of Poloniex was one of several factors that made “the time appropriate for me to transition.”

He will remain on Circle’s board as an independent director and continue working with CENTRE, the joint stablecoin-focused initiative between Circle and Coinbase.

“I also expect to propel the mission forward through CENTRE and other new complementary paths that traverse worthwhile challenges in infrastructure, regulatory policy, economics, and product design,” Neville said. “As always, I remain stubbornly optimistic about our ability to devise and execute well-crafted things that improve our collective future.”

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,485.91 (+1.29%)
  • Ethereum (ETH) $162.85 (+0.06%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $324.23 (-3.37%)
  • Bitcoin SV (BSV) $280.14 (-1.47%)
  • Bitcoin (BTC) $8,485.91 (+1.29%)
Jan 24, 2020 (Friday)
12:24
Ripple CEO Brad Garlinghouse hints at the possibility of IPO
11:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:50
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:37
Japan ruling party lawmakers to propose digital yen in February: Report
11:00
Hackers becoming more sophisticated as crypto exchanges bolster security measures: Chainalysis
10:24
Crypto Technicals: XRP/USD slips below 21-EMA, more weakness to follow
10:23
Tether launches new stablecoin backed by physical gold
09:49
Crypto exchange ErisX partners with Etale to offer new trading features
09:23
World Economic Forum launches blockchain-based supply chain traceability platform
08:17
Crypto Technicals: LTC/USD holds above 51 mark, finds strong support at daily cloud
07:36
Liechtenstein's Financial Market Authority approves ethereum-based real estate tokenized fund
06:57
Greece to extradite alleged BTC-e operator Alexander Vinnik to France after supreme court ruling
05:26
Agribusiness blockchain initiative Covantis selects ConsenSys as technology partner
04:44
Crypto exchange Binance invests in blockchain startup Numbers
04:24
Crypto Technicals: ETH/USD holds above 21-EMA and cloud support, further weakness on charts
04:23
Indian IT firm Mphasis to develop blockchain privacy-enhancing tech solutions with QEDIT
04:04
Crypto Technicals: BTC/USD extends weakness, eyes next major support at 110-EMA (8134)
Jan 23, 2020 (Thursday)
13:26
Amun lists inverse bitcoin ETP on SIX Swiss Exchange
12:32
World Economic Forum creates framework to help central banks design and deploy CBDC
11:52
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft