Giancarlo has been a vocal advocate for cryptocurrencies and CBDCs and has called for a “do no harm approach” to blockchain regulation.
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Blockchain investment firm CoinFund has appointed former United States commodity regulator Christopher Giancarlo as strategic advisor, a move that should help the Brooklyn-based company navigate the complex and ever-changing regulatory requirements in its home country.
Often known as “Crypto Dad
- ” by the blockchain community for their support of digital assets , Giancarlo was nominated as a commissioner of the Commodity Futures Trading Commission (CFTC) in 2014. In January 2017, he would become the interim president of the agency before taking office in time. or complete in August of the same year. He held the position until July 2019.
The president of CoinFund, Christopher Perkins, described Giancarlo as a “driving force” for innovation at the CFTC, especially for advocating a “crypto policy.” reflection in the United States”. Jake Bruckman, the founder of CoinFund, said that the former government official will provide his expertise at a time when national cryptocurrency regulations were changing in real time.
Since leaving the CFTC, Giancarlo has become a more vocal advocate for digital assets and has even been part of the board of directors of crypto lending firm BlockFi . In June 2021, Giancarlo told Cointelegraph that The United States
- runs the risk of “being left behind” without a central bank digital currency, or CDBC, and that China was clearly the leader in its development.
As early as January 2020, Giancarlo recorded that the United States needed a digital dollar to compete with China’s CBDC project.
CoinFund has invested in several startups focused on cri ptocurrencies during the past year. As Cointelegraph reported, la blockchain investment firm closed USD 83 million funding round in July 2021 to continue supporting emerging projects in the blockchain and cryptocurrency industry. The company was behind the recent Series A funding round of USD 50 million for digital asset curator Metaversal and also contributed to the USD 14 million funding round from the Rarible NFT market in June 2021.
Keep reading:
- Former CFTC Chairman Christopher Giancarlo says the FED should create a digital dollar
BlockFi Board of Directors replaces ‘Crypto Dad’ after four months
- Chris Giancarlo: The United States is at risk of becoming in a “backwater” without a central bank digital currency
- US lawmaker proposes bill aimed at limiting the Fed’s ability to issue a CBDC
- CoinFund Launches $83M Fund for Cryptocurrency Startups
- NFT-Focused Holding Raises $50M in Funding Round
- Tonga will copy El Salvador’s bill that makes Bitcoin legal tender, according to a former MP
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