It's still unclear whether Congress will adopt any amendments.
The former securities regulator will work on market structure and customer needs at the crypto custody firm.
The crypto industry wants to change a tax provision when the House takes up the Senate's infrastructure bill, but other issues may take precedence.
Linda Lacewell announced a revamp of NYDFS's BitLicense last year.
Rep. Anna Eshoo endorsed a compromise amendment intended to narrow the scope of the term "broker" for crypto tax reporting purposes.
Congress should focus on trading, lending and decentralized finance, the securities regulator said.
BitMEX will pay a $100 million penalty to resolve the charges, the firm announced in a blog post.
The bill contains a broad definition of "broker" for crypto tax reporting requirements that lawmakers and industry advocates sought to change over the past week.
After all the drama of the past week, the industry is right where it was eight days ago.