TD Ameritrade’s former head of digital belongings is headed to the Federal Reserve.
Sunayna Tuteja is now the central financial institution’s chief innovation officer, in line with a LinkedIn replace. Tuteja took up the position in February.
Tuteja had been at TD Ameritrade since 2014 previous to the transition. Throughout her time there, she labored with rising applied sciences, finally as Head of Digital Property and Digital Ledger Know-how.
Tuteja headed TD Ameritrade’s devoted crypto group. Her place constructed out the brokerage’s crypto choices, constructing blockchain and crypto partnerships. TD Ameritrade’s crypto choices embody bitcoin futures by CME Group. It is also an investor in crypto trade ErisX.
Tuteja has spoken on bitcoin funding and the rise of decentralized finance, each at organized panels and on her private platforms. She as soon as instructed Blockworks that she herself is a bitcoiner, and he or she tweeted her admiration for the bitcoin neighborhood in December 2020.
“It is a neighborhood that retains bouncing again each time they’re written off, and bounce again stronger, having been stress examined in methods anticipated and sudden,” she tweeted.
Fed Chair Jerome Powell has taken an curiosity in innovation just lately, saying the central financial institution’s work on assessing stablecoin dangers is a “very excessive precedence.” Treasury Secretary Janet Yellen additionally inspired the Fed to proceed wanting into central financial institution digital currencies, since she feels many questions stay. It’s unclear precisely how Tuteja’s work will affect present innovation efforts and the way her position will inform Fed exercise..