Wales replaces Lundgren, who steps down as chief legal officer of Crypto.com and CEO of OG.com after nearly six years
Crypto.com has appointed Justin Wales as its new chief legal officer to succeed Nick Lundgren.
Lundgren announced this week that he has resigned as chief legal officer of Crypto.com and CEO of sports-focused prediction markets platform OG.com, having been with the company since October 2020.
“Since joining in 2020, it has been an incredible privilege to help build Crypto.com’s industry-leading regulatory resume from ground zero – securing the most comprehensive sets of licenses and registrations globally, including numerous firsts,” said Lundgren. “I’m especially proud that Crypto.com was the only major crypto platform to navigate the challenging regulatory environment without facing SEC enforcement action or settlement.
“Innovation has always been core to Crypto.com, and I’m grateful to have created and launched the world’s first CFTC-regulated sports prediction market and fastest growing financial service. With 150+ million users and services available in more than 100 countries, Crypto.com is exceptionally positioned for continued growth. I remain an eternal optimist and a strong supporter of Crypto.com’s mission.”
Lundgren has been succeeded by Justin Wales, who joined Crypto.com (CDC) as head of legal for the Americas in January 2022.
“Very honored to announce that I am taking over as the chief legal officer for Crypto.com,” said Wales. “More than four years ago I joined CDC. In the time I have seen first hand what a talented group of A+ players can do when working toward a common goal. I have enough data points to have no doubt that the CDC legal team is the absolute best in the business.
“From crypto to prediction markets to banking to AI, it has been a real pleasure to be able to help implement an innovation-first strategy. My goal in this role is to continue operating at that standard.”