The ex-chairman for the Commodity Futures Trading Commission (CFTC), J. Christopher Giancarlo has joined the advisory board to the Chamber of Digital Commerce, a trade group focused on blockchain and crypto policies in the United States.
Giancarlo, otherwise known as Crypto Dad, was at the front of the CFTC for two years following a three-year position as a commissioner with the agency. Under his watch, the CFTC allowed the first bitcoin futures products to enter the industry.
Whilst at the helm, Giancarlo most notably received the nickname Crypto Dad after he told the United States Senate Banking Committee that “‘do no harm‘ is the right overarching approach” for the blockchain space.
Speaking this week, the former chief said:
“The Chamber is at the epicenter of this emerging field of technology that can only be described as a movement.
I’m looking forward to joining this group of advisory board leaders, from many fields and areas of expertise, whom are already working to promote the adoption of this transformative technology. It is my hope that together we can streamline and modernize the regulatory environment and encourage further blockchain innovation.”
The Chamber’s founder and president, Perianne Boring wrote in a statement that the former CFTC head would add his wide range of knowledge to the group’s board, citing his experience with the financial markets and his efforts prior to this.
Speaking to CoinDesk, Boring said:
“We are entering a new phase of blockchain advocacy. As the world’s leaders are convening to discuss the future of the international financial and monetary system, crypto and blockchain are increasingly playing a key role in these discussions. Chris Giancarlo’s valuable expertise will be critical as we continue to move the industry forward.”
It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!