Former CFTC Chair joins CoinFund as Adviser

The expert will be able to provide the knowledge needed for domestic crypto regulation

14.01.2022 - 09:05

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1 min

What’s new? The investment firm CoinFund has appointed a former commissioner of the Commodity Futures Trading Commission J. Christopher Giancarlo as a strategic adviser. The move should help the company navigate the complex regulatory requirements in the United States.

J. Christopher Giancarlo, a former Wall Street regulator who coin enthusiasts nicknamed CryptoDad, is joining the blockchain-focused investment firm CoinFund as an adviser. https://t.co/kc9yzEZy3J via @markets— CoinFund (@coinfund_io) January 13, 2022

What do the company officials say? CoinFund President Christopher Perkins called Giancarlo a driving force of innovation at the CFTC, especially for advocating sound crypto policy in the US. Jake Bruckman, the founder of CoinFund, said that the former government official will provide expertise at a time when domestic crypto regulation is changing in real time.

What is known about the new CoinFund employee? Giancarlo was appointed a commissioner of the Commodity Futures Trading Commission (CFTC) in 2014. In January 2017, he became acting chairman of the agency and in August of the same year, he took up the position permanently until July 2019.

After leaving the CFTC, Giancarlo became a more active supporter of digital assets and joined the board of directors at the BlockFi company. In June 2021, he stated that the United States risked becoming a “backwater” without a central bank digital currency and that China had emerged as the clear leader in CBDC development.

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