Global cryptocurrency exchange Binance has hired a new deputy general counsel who formerly served as a California-based federal prosecutor focused on crypto crimes.
In his new role, Joshua Eaton leads Binance’s legal affairs while supporting global compliance and investigations and working with law enforcement. Binance announced his hire on Wednesday.
Eaton arrived at Binance by way of the U.S. Attorney’s Office for the Northern District of California, where he most recently served as a deputy U.S. attorney. As a prosecutor, Eaton “promoted and strengthened the office’s key role in investigating and prosecuting [crypto] crimes without attacking the technology or its legitimate uses,” Binance stated.
Attempts to speak with Eaton and Binance representatives were not immediately successful.
Eaton joins Binance amid growing efforts to regulate the crypto industry, which Binance CEO Changpeng Zhao supports.
Eaton’s experience as a prosecutor sparked his interest in blockchain technology and crypto and led him to realize “how important it is to prevent bad actors from abusing this important, legitimate emerging technology for corrupt personal gain,” he said in a statement.
“I decided to join Binance because of its commitment to this mission as well as its track record in collaboration with law enforcement driven by transparency, integrity and protecting users,” Eaton added.
Binance General Counsel Hon Ng noted that Eaton was “instrumental in his leadership role while in government, developing its standard-bearing ethics and compliance practices, guiding it through some of the most sensitive and complex issues facing any government organization, and supporting its growth into one of the preeminent federal prosecutors offices in the U.S.”
Before Eaton’s hire, Binance scooped up two former agents from the Internal Revenue Service’s Criminal Investigation Cyber Crimes Unit, which partners with the Northern California U.S. Attorney’s Office, to serve on the crypto exchange’s intelligence and investigations teams.
Before he joined the Justice Department, Eaton was with the U.S. Army JAG Corps, where he served as a Hawaii-based prosecutor and international law attorney and as chief of military justice in Bosnia, according to his LinkedIn profile.