Crypto.com grows internal legal team with ex-K&L Gates partner
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Ex-K&L Gates partner Stephen Humenik joins Crypto.com as head of the company's global derivatives unit. Humenik joins from Covington & Burling, where he led futures and derivatives practice. He is at least the second K.L. Gates partner this year to join the firm, after Justin Wales left the law firm in January to become the firm's head of legal for North America. The move comes amid a broad downturn in the crypto market, hit by investor volatility, which many companies have said in recent weeks they intend to slash jobs.Crypto.com CEO Kris Marszalek said last month the company would reduce its corporate workforce by 5% of its workforce by five percent of the workforce. Source