Another capital market watchdog figure has crossed over to the crypto industry. Fireblocks has appointed Elad Roisman - former Acting Chairman and Commissioner of the U.S. SEC - as Chief Regulatory and Policy Officer as well as General Counsel for Regulatory Affairs.
Roisman will be based directly in Washington, D.C., leading policy strategy and representing the company in negotiations with regulators and industry standard-setting organizations. Before crossing over to Fireblocks, he led the digital assets practice at the law firm Cravath, Swaine & Moore.
Roisman’s track record is proven across three key pillars of the financial markets: the U.S. Congress through the Senate Banking Committee, the SEC, and the NYSE Euronext trading floor. During his time at the SEC, he played a key role in more than 100 new rulemakings and was involved in over 1,000 enforcement actions. He has also testified before Congress regarding U.S. crypto market structure legislation.
Fireblocks’ decision to recruit this veteran bureaucrat has a clear foundation in numbers.
The Bet Behind the 69 Percent Figure
This appointment comes amid a surge in stablecoin dominance. In the second quarter of 2026, stablecoins accounted for 69% of the total digital asset transaction volume on the Fireblocks platform, with USDC holding the top spot since the beginning of the year.
Institutional financial figures - from banks to asset managers - are now increasingly active in building blockchain-based products. This new infrastructure model demands complex cross-jurisdictional legal understanding, a territory where a lobbyist of Roisman’s caliber holds a decisive role.
Why Do They Need an Insider?
The need for legal navigation is growing increasingly urgent given the slowing pace of lawmakers. The Digital Asset Market Clarity Act draft bill has already passed the U.S. House of Representatives by a vote of 294 to 134 in July 2025. The journey continued when the Senate Banking Committee advanced it by a 15-9 margin in May 2026.
However, to this day, the regulation remains stalled. The bill has not yet been scheduled for a vote on the main Senate floor before the August recess begins. This long delay forces underlying infrastructure providers to not just wait passively, but to step in and secure their footing.
For digital asset infrastructure companies, betting on the regulators’ schedule is no longer rational; they need a figure who once helped draft those rules on their side.
Reported by crypto.news.
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
