Former Chainalysis brass is now FinCEN’s acting director

The current acting director of the Financial Crimes Enforcement Network, or FinCEN, will bid farewell to the governing body in April. His replacement: Michael Mosier, Chainalysis’ former chief technical counsel. 

“Director Kenneth A. Blanco today announced several leadership changes impacting the bureau,” said a public statement from FinCEN on Friday, adding:

“Director Blanco announced he will depart FinCEN on April 9, after serving as the organization’s director since December 2017. Michael Mosier, former FinCEN Deputy Director and current Counselor to the Deputy Secretary of the Treasury, will return to FinCEN as Acting Director.”

Blanco was the government agency’s eighth director. AnnaLou Tirol, FinCEN’s deputy director, worked as the agency’s associate director of its Strategic Operations Division in the past, the statement said. Mosier takes his post as acting director on April 11.

This is not the first crypto-experienced hire by a government agency. President Biden chose Gary Gensler as chairman of the Securities and Exchange Commission, or SEC. Gensler is well-educated on the crypto industry as he taught an in-depth course on the subject at the Massachusetts Institute of Technology, or MIT, in 2018.

After Mosier’s work for Chainalysis, he spent time working for FinCEN in other capacities, as well as for the U.S. Department of Justice and multiple other U.S. government positions.

“I am proud to have led an incredible organization with an important national security mission that has a profound effect on the lives of so many people, especially the most vulnerable in our society,” Blanco said in the statement upon his exit. “I have every confidence in Mr. Mosier and Ms. Tirol’s ability to lead the bureau forward and continue the progress of ensuring our national security and protecting people from harm.”

U.S. government agencies have become increasingly involved in the crypto industry over time.