Former Commodity Futures Trading Commission Chairman J. Christopher Giancarlo is joining the Willkie Farr & Gallagher law firm as senior counsel, he announced Monday.
Giancarlo, known to most of the cryptocurrency world as "Crypto Dad," will work on public policy positions, including advocating for the creation of a blockchain-based digital dollar, in addition to his work with the law firm's clients.
"After five years in public service at the U.S. Commodity Futures Trading Commission, I want to continue to help build the digital financial markets of the future," Giancarlo said in an email.
"While assisting Willkie clients in their worldwide commercial ventures, I will further focus on key issues of public policy through writing and personal service on both public and private boards."
Giancarlo recently called for the creation of the digital dollar with former LabCFTC head Daniel Gorfine, warning that not doing so while other central banks experiment with blockchain technology and digital currencies could result in the greenback being replaced as a global standard.
In his email Monday, Giancarlo said he plans to continue advocating for the digital dollar's development, as well as for an American replacement to the London Inter-bank Offered Rate."I expect soon to announce additional leadership roles in enterprises engaged in financial trading markets and digital commerce," he said.
During his time with the agency, Giancarlo called for a light-touch regulatory approach to the cryptocurrency space while testifying before Congress, earning praise from industry participants.
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Ex-CFTC Chair Giancarlo to Push for Digital Dollar in New Role at White-Shoe Law Firm
Publicado en Dec 2, 2019
by Coindesk | Publicado en Coinage
Netherlands Plans to Punish Crypto Scammers With Up to 6 Years in Jail
The Netherlands is planning on bringing in harsher penalties for scams involving banking apps and cryptocurrencies.
US SEC Charges Shopin Founder With Orchestrating Fraudulent $42 Million ICO
The United States Securities and Exchange Commission has charged Eran Eyal, the founder Shopin, with orchestrating a fraudulent initial coin offering.
German SolarisBank Opens Subsidiary to Provide Custody Services for Digital Assets
Berlin-based fintech company solarisBank has established a subsidiary to provide a custody solution for digital assets.
From Health Care to Mining, Central Asia Stays on the Blockchain Beat
Whether it be revitalizing Afghanistan's healthcare sector with blockchain adoption or introducing a waiver for crypto mining in Kazakhstan, digital technology utilization appears to be gaining a foothold in these countries.