The president of cryptocurrency trade FTX US, Brett Harrison, has introduced he might be transitioning into an advisory function within the subsequent few months.

In a Sept. 27 announcement on Twitter, Harrison said he might be resigning his place as FTX US president however will stay with the trade “with the aim of eradicating technological limitations to full participation in and maturation of world crypto markets, each centralized and decentralized.” Harrison has labored as FTX US president since Could 2021, following a job at Citadel Securities.

“I can’t wait to share extra about what I’m doing subsequent,” said Harrison. “Till then, I’ll be helping Sam [Bankman-Fried] and the staff with this transition to make sure FTX ends the 12 months with all its attribute momentum.”

1/ An announcement: I’m stepping down as President of @FTX_Official. Over the following few months I’ll be transferring my duties and transferring into an advisory function on the firm.

— Brett Harrison (@BrettHarrison88) September 27, 2022

Regulators have a weak case in opposition to FTX on deposit insurance coverage

Harrison’s announcement was the newest high-profile resignation within the crypto house. Alex Mashinsky stated on Sept. 27 that he can be leaving his place as Celsius CEO efficient instantly, citing the “troublesome monetary circumstances” customers have been going through. On Sept. 21, Kraken’s Jesse Powell introduced chief working officer Dave Ripley might be changing him as CEO as soon as Ripley’s place was stuffed. Powell will keep on with the trade as a board member.Michael Saylor introduced in August that he would step down as CEOof enterprise intelligence agency MicroStrategy however stay as government chair.