B2C2 Appoints DOJ Veteran as General Counsel, Head of Regulatory Affairs

B2C2, the counterparty of choice in the institutional crypto market, announced the appointment of Dean C. Sovolos as General Counsel for the Americas and Head of Regulatory Affairs. Dean joins B2C2 from the United States Department of Justice (DOJ), where he most recently served as a federal prosecutor in the United States Attorney’s Office in the District of New Jersey (DNJ) and the Southern District of New York (SDNY).

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“I’m excited to join B2C2, an extraordinary team that is pioneering a new standard in crypto liquidity provision. B2C2 is a leader in the industry and, as such, effectively navigating the complex legal and policy issues while building important partnerships will be a priority for our legal and regulatory teams.”

Dean brings extensive leadership experience from a varied and decorated career at the DOJ. As a federal prosecutor, Dean led many high-profile international investigations involving terrorism, money laundering, sanctions evasions, economic espionage, cybercrime, BSA, securities fraud, and bank fraud. He has conducted numerous investigations and prosecutions with U.S. and foreign law enforcement, intelligence services, and regulators, including OFAC, FinCEN, and the UK FCA.

Dean also previously served in a leadership capacity at the FBI, including as Associate Counsel for New York Field Office, acting as a legal advisor to Executive Management and investigators, as well as overseeing compliance with FBI and DOJ Policy. As an FBI Special Agent, he was appointed to serve overseas as Acting FBI Assistant Legal Attaché, including at the U.S. Embassies in London and Paris, and was the lead case agent on numerous high-profile extraterritorial cases. Dean was regularly recognised for his notable contributions to the United States, including with the U.S. Attorney General Award for Distinguished Service, the FinCEN Transnational Security Threats team award, and, most recently, the 2021 Executive Office for U.S. Attorneys Director’s Award.

Rob Catalanello, Co-CEO of B2C2, said: “We’re thrilled to have Dean join B2C2. His distinguished career at the Department of Justice working in parallel with U.S. and foreign partners and regulators will reinforce our ability to raise industry standards as we prepare for regulatory changes ahead. Our product offering is fast-expanding to best meet the needs of our counterparts and we look forward to building on our position as the counterparty of choice in the global crypto market.”

Dean Sovolos, General Counsel for the Americas and Head of Regulatory Affairs at B2C2, said: “I’m excited to join B2C2, an extraordinary team that is pioneering a new standard in crypto liquidity provision. B2C2 is a leader in the industry and, as such, effectively navigating the complex legal and policy issues while building important partnerships will be a priority for our legal and regulatory teams.”

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B2C2, which was acquired by innovative Japanese financial group SBI in December 2020, represents a natural entry point for financial institutions seeking to trade crypto with a well-capitalised counterparty. A true principal at risk firm, the vast majority of aggregators, FX brokers, exchanges, hedge funds and OTC desks rely on B2C2 for liquidity in all market conditions. 500+ clients in 50+ countries choose B2C2 for its competitive pricing, ability to minimise market impact and global 24/7 client service. The firm offers clients a full suite of products and services across spot and derivatives, including options and NDFs.