Assistant General Counsel – Regulatory Affairs

Job Type

Full-time

Description CoinFlip is a global digital currency platform company, focused on providing consumers with simple and secure access to buy and sell cryptocurrency. The company operates the world’s largest network of cryptocurrency kiosks by transaction volume with more than 5,500 kiosks the United States, Canada, Australia, New Zealand, South Africa and Italy. CoinFlip’s digital currency kiosks make buying and selling major cryptocurrencies accessible and safe for consumers who wish to purchase their digital currency using cash. CoinFlip also operates CoinFlip Preferred, a personalized over-the-counter service that provides investors with custom, white glove support for their cryptocurrency transactions. In 2022, CoinFlip launched CoinFlip Ventures, an investment group offering coaching, funding, and networking support to early-stage crypto and web3 projects. CoinFlip recently received authorization under the European Union’s Markets in Crypto-Assets Regulation (MiCA), marking an important milestone in the company’s continued expansion of regulated digital asset services across Europe.

Headquartered in Chicago, CoinFlip placed in the top 500 on the 2021, 2022, and 2023 Inc. 5000 list, and on the 2022 and 2023 Deloitte Technology Fast 500, was named the 2021 and 2022 #1 fastest-growing company in Chicago by Crain’s, ranked in Chicago Tribune’s Top Workplaces in 2021 and 2022, and was awarded the 2021 and 2022 Stevie ® Awards for Customer Service. To learn more about CoinFlip and how to get started on your digital currency journey, visit www.coinflip.tech.

CoinFlip is seeking an experienced Assistant General Counsel to lead regulatory affairs matters and legal initiatives. This role will have primary legal responsibility for CoinFlip’s responses to examinations by state financial regulators and will serve as a principal point of contact with regulatory agencies. It is an opportunity for a former litigator to apply strong advocacy, investigative, and case-management skills to the evolving regulation of money transmission and digital assets.

The Assistant General Counsel will interact directly and regularly with state and federal regulators, including in examinations, supervisory meetings, investigations, enforcement proceedings, and discussions concerning licensing and regulatory expectations. The attorney will coordinate cross-functional responses, and guide matters from initial contact through resolution.

The ideal candidate is an attorney with experience in financial services regulation, state money transmitter laws and licenses (MTLs), regulatory examinations, investigations, and enforcement actions. Trial or significant hearing experience is a plus. The attorney must be comfortable taking ownership of high stakes matters, communicating credibly with regulators, and translating legal and regulatory requirements into practical guidance for the business.

Responsibilities Regulatory Affairs, Examinations & Enforcement

• Have primary responsibility for managing CoinFlip’s responses to examinations by state financial regulators, from the initial examination notice and scoping through document productions, interviews, findings, remediation, and closure.
• Serve as a principal legal point of contact for state and federal regulators and represent CoinFlip in examinations, supervisory meetings, interviews, conferences, hearings, and other regulatory engagements.
• Lead response efforts for regulatory inquiries, subpoenas, civil investigative demands, investigations, enforcement actions, consent orders, and settlement negotiations.
• Advise on state money transmitter laws and domestic and international licensing frameworks, including licensing triggers and exemptions, permissible activities, examination standards, reporting obligations, and the regulatory implications of new products, transaction flows, business models, and market expansion.
• Partner with the licensing team on complex or novel legal and regulatory matters, including regulator interpretations and jurisdictional strategy, with clear coordination between legal advisory and licensing administration responsibilities.
• Provide legal guidance on federal and state financial-services laws, including BSA/AML, OFAC, consumer-protection, privacy, money-transmission, and digital-asset regulatory requirements.
• Develop accurate, consistent, and persuasive written submissions to regulators and co…