World Liberty Financial (WLFI) has appointed Mack McCain, a seasoned regulatory expert and former Chief of Staff and Associate General Counsel for Regulatory Affairs at Robinhood, as its new General Counsel. This move underscores WLFI's commitment to aligning with evolving global compliance standards and shaping a more open, regulated financial ecosystem.
Key Details of the Appointment and Experience
- McCain's Background: At Robinhood, McCain was instrumental in guiding legal strategy for international brokerage, advisory services, and emerging AI-driven products.
- Decade of Expertise: His experience spans both traditional and digital finance, including prior roles as General Counsel at Arta Finance and senior legal positions at Charles Schwab and Scottrade.
- Company Statement: WLFI announced the appointment as a "major milestone," confirming their regulatory focus.
Market Response
The market initially reacted positively to the news:
- WLFI's native token jumped over 7% to a high of $0.1479.
- However, the rally was short-lived, with the token later pulling back to around $0.1395, reflecting broader market volatility likely tied to the recent FOMC decision.
- Robinhood (HOOD) shares also saw a modest decline of 0.99%.
Despite the recent price drop and an over $82 million exit from perpetual markets, the article highlights a mixed picture of confidence:
- Large platforms like Robinhood, Bitget, and Bitpanda accumulated over $30 million worth of WLFI in the past week.
- Positive Funding Rates suggest that bullish traders remain active, hinting at the potential for a short-term recovery if buying pressure overcomes current selling.
October 2025, Cryptoniteuae