As the U.S government Agency’s acting director Kenneth Blanco bows out as Michael Mosier replaces him.
It has been reported that the extant Financial Crimes Enforcement Network of FinCen director in the person of Kenneth Blanco will bow out by April and Chainalysis former chief technical counsel, in the person of Michael Moiser will replace him ,
On Friday, a public statement it was said that Blanco mentioned of plethora of changes in the leadership in the bureau.
“Director Blanco announced he will depart FinCEN on April 9, after serving as the organization’s director since December 2017. Michael Mosier, former FinCEN Deputy Director and current Counselor to the Deputy Secretary of the Treasury, will return to FinCEN as Acting Director.”
Mosier takes the position of Blanco on the 11th April and Blanco is the eight director of the agency.
However, President Biden has been consistent in hiring crypto-experienced persons into key government agencies and Mosier is not the first. The current chairman of the Securities and Exchange Commission of the United States, Gary Gensler is well grounded in cryptocurrency because as a lecturer at Massachusetts Institute of Technology, he taught on the cryptocurrency ineptly.
After Mosier’s work for Chainalysis, he spent time working for FinCEN in other capacities, as well as for the U.S. Department of Justice and multiple other U.S. government positions.
“I am proud to have led an incredible organization with an important national security mission that has a profound effect on the lives of so many people, especially the most vulnerable in our society,” Blanco said in the statement upon his exit. “I have every confidence in Mr. Mosier and Ms. Tirol’s ability to lead the bureau forward and continue the progress of ensuring our national security and protecting people from harm.”