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Former CFTC chair, ‘Crypto Dad,’ joins regulation agency to push for digital greenback




    Former CFTC chair, ‘Crypto Dad,’ joins regulation agency to push for digital greenback

    Former Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo is ready to hitch New York-headquartered regulation agency Willkie Farr & Gallagher as a senior counsel.

    “I have spent the past three and a half decades advising and building global businesses and regulatory frameworks in the juncture of trading markets, technology and law,” he stated in an electronic mail announcement. “I am delighted to join a firm that is a center of excellence in all three areas.”

    Dubbed “Crypto Dad” by crypto lovers, Giancarlo was appointed CFTC Commissioner throughout President Barack Obama’s administration and accomplished his five-year time period in July 2019. He gained Internet fame in 2018 for writing to the U.S. Senate that lawmakers ought to respect the following technology’s needs and embrace Bitcoin as a result of its adoption is perhaps inevitable.

    He stated within the electronic mail announcement that along with working with Willkie purchasers, he would proceed making impacts on public coverage by means of writing and private service on private and non-private boards. Two of his key focuses, he stated, could be to advocate for the event of a blockchain-based digital greenback and the substitute of the London Inter-bank Offered Rate (LIBOR) with an American lending benchmark.

    “I expect soon to announce additional leadership roles in enterprises engaged in financial trading markets and digital commerce,” he stated.

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