Baton Company, the UK-headquartered growth firm behind Pump.enjoyable, is recruiting a Chief Authorized Officer at a base wage of $1M to $5M, co-founder Alon Cohen posted Wednesday on X.
A $1M base flooring for a CLO is properly above the median for senior in-house authorized executives at most crypto companies; the $5M ceiling rivals packages at main US funding banks. Per the job posting, the rent will lead regulatory engagement, reply to company inquiries, and symbolize the corporate in proceedings alongside exterior counsel.
The job posting describes Pump.enjoyable as processing “$300M+ day by day quantity” and says the platform generated “greater than $500M in revenue” final 12 months “with a staff of fewer than 100 folks.”
Baton describes itself as “one of many quickest rising crypto platforms in historical past” and cites ambitions to construct a “international shopper model that tokenizes the world’s highest potential, early-stage concepts.”
The CLO will sit alongside an present Normal Counsel and tackle 4 core domains: US digital-asset regulatory affairs protecting SEC, CFTC, FinCEN and OFAC; product and industrial counsel; company governance throughout Baton’s UK mother or father and any US or worldwide subsidiaries; and cross-border compliance spanning UK FCA, EU MiCA and APAC jurisdictions.
The posting additionally requires oversight of AML/KYC programmes and administration of litigation, class actions and legislation enforcement requests.
Pump.enjoyable has beforehand drawn consideration for its content material insurance policies after its GO Bounty platform launched to instant backlash. The Defiant has additionally lined the platform’s income mannequin, together with a 50% income buyback-and-burn initiative introduced earlier. The brand new CLO rent provides a authorized infrastructure layer to what has, till now, been a lean headcount operation.
