newsfilter
← Latest News
PR Newswire·

Former Chairman of the House Financial Services Committee Jeb Hensarling joins ProCap BTC as Senior Advisor

BRR
  • ProCap BTC, LLC announced the appointment of Jeb Hensarling as a Senior Advisor to provide strategic counsel to its executive team.
  • Hensarling is a former U.S. Congressman who served eight terms (2003-2019) including three terms as Chairman of the House Financial Services Committee.
  • Prior to ProCap, Hensarling served as Managing Director & Executive Vice Chairman of UBS Americas advising on geopolitical risks & the macroeconomy.
  • CEO Anthony Pompliano cited Hensarling's advocacy for free markets & his 2008 opposition to bank bailouts as key reasons for his hiring.
  • Hensarling stated the appointment aligns with his belief in using Bitcoin to democratize finance & strengthen the global financial system.
  • ProCap BTC has raised over $750 million from investors in traditional finance & the Bitcoin industry.
  • The company entered a Business Combination Agreement with Columbus Circle Capital Corp I (Nasdaq: BRR) to form ProCap Financial, Inc.
  • The proposed transactions include a private placement of preferred units & a convertible note offering to qualified institutional investors.
  • ProCap Financial filed a Registration Statement on Form S-4 with the SEC to facilitate the proposed business combination.
  • The combined entity aims to offer products designed to improve the financial lives of 1 billion people.
  • Forward-looking statements regarding the transactions, Bitcoin price volatility, & regulatory conditions were included with standard risk disclosures.
  • No SEC approval was granted for the proposed transactions, & the communication does not constitute an offer to sell securities.