Ex-CFTC Chair Got $30 Million After Citadel Securities Exit (1)

Circle Internet Group Inc.’s filing for an initial public offering Tuesday revealed that its new president Heath Tarbert has received almost $30 million in total compensation since joining the company.

Tarbert, who also serves as Circle’s chief legal officer, joined the stablecoin provider in July 2023 after more than two two years as the top lawyer for Citadel Securities LLC, a market-making firm controlled by billionaire Ken Griffin.

At the time, the digital finance industry in the US was reeling from several scandals, including the collapse of Sam Bankman-Fried’s cryptocurrency platform FTX. Circle’s S-1 filing details the company’s finances and ...