Jack Liu, a senior director at Circle, is leaving the $3 billion crypto finance company, he confirmed to The Block.
The former investment banker said he’s always been motivated in his career to help “Satoshi’s vision” come to fruition.
“I’ve been a long-time veteran of this industry, and I didn’t come to it by accident…Circle was a great learning ground. But I’m all about innovation…I want to step into the open and take a more direct approach and increase the number of transactions on the blockchain. I feel a sense of urgency right now,” he said. “I don’t want to be 50 when it starts working.”
He even skipped a bonus he’d have claimed in a few months. “I just couldn’t wait any longer.”
While at Circle, Liu helped the firm develop a 24-hour trading service operating out of Asia. He also helped build the support-product for the trading of Bitcoin Satoshi Vision (SV) at Poloniex, which Circle had reportedly acquired for $400 million before he joined.
His next move remains obscure but will involve helping build the Bitcoin SV blockchain – a fork extension of the original Bitcoin. He’s a big believer in the coin and its scaling potential – something he’s deeply concerned about.