Former DOJ crypto advisor joins FinCEN in newly created crypto position

The Financial Crimes Enforcement Network (FinCEN) has created an advisory position for digital currency policy. The agency has installed Michele Korver as chief digital currency advisor to the director of FinCEN, according to a statement today.

Korver has served as a crypto advisor to a number of government arms, serving as digital currency counsel for the United States Department of Justice’s Criminal Division, an advisor to the U.S. Department of the Treasury’s Financial Stability Oversight Council and part of the U.S. delegation to the Financial Action Task Force (FATF).

At the DOJ, Korver developed policy related to crypto forfeiture procedures in legal proceedings. She also coordinated money laundering investigations, playing a key role in the first nationwide operation targeting a darknet cryptocurrency ring and bringing the first crypto money laundering case in the Central District of California. 

At FinCEN, she will work "across internal and external partners toward strategic and innovative solutions to prevent and mitigate illicit financial practices and exploitation," related to digital currency.

Before installing its own crypto czar, the agency was already seeking industry help with cybersecurity and privacy hurdles. In late May, it put out a call for companies that deal with zero-knowledge proofs to join its Innovation Hours Program in September.

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Aislinn Keely joined The Block in the summer of 2019. She is a member of the outlet's policy team, holding down the legal beat. Before The Block, she lent her voice to the NPR affiliate WFUV, where she reported and anchored newscasts in addition to some podcast work. Aislinn is a proud Fordham Ram and editor-in-chief emerita of its newspaper. When she isn't writing or reporting, Aislinn is running and rock climbing.