In recent news, J. Christopher Giancarlo, Ex- (CFTC) Commodity Futures Trading Commission chairman has joined the board of directors of Digital Asset, visit official website.
Chairman J. Christopher Giancarlo also popularly known as the “Crypto Dad” was a regulator in the crypto space. Due to his friendly attitude in the cryptocurrency space, he spent five years of his career serving in several positions in the crypto sphere. However, he left The Commodity Futures Trading Commission in 2019 setting himself on a new path.
Giancarlo has now joined the boards of directors of digital assets and will direct the leadership of digital assets. He will be focusing on regulatory, asset tokenization, monetary development, and distributed ledger technology as regards the cryptocurrency industry. With Giancarlo being in the legal and regulatory position he is a perfect match to join the board’s team.
The CFTC former chair is now working at Willkie Farr and Gallagher law firm and the Nonprofit organization’s digital dollar project. The project is geared towards contributing to the lawmakers on the evolution of central Bank Digital currency.
Digital assets are digital presentations of all kinds of objects and their connected importance. They allow access for ownership of transfer without the need for paper documents. Furthermore, digital assets facilitate the ability to connect to existing networks. It also provides investment solutions by disseminating a single source of truth across different networks, and institutions.
Ultimately, this will help to improve the systems and propel growth. Giancarlo said that in a bid to preserve ways for interconnecting with businesses and sharing assets the digital economy has to be thoroughly safeguarded.
During the time of Gianarclo as chair for CFTC, he was also a member of the United States financial stability oversight committee. He also belonged to the executive board of international organizations of securities commission while working on financial markets. He oversaw and advocated for the regulation of Bitcoin futures, proposing a do not harm strategy to the cryptocurrency industry.
As regards the new CFTC commissioner Rostin Behnam, he assumed the position in 2021 before he was later confirmed in December by the senate.
Giancarlo also validated his selection to the board, saying he was thrilled to be involved with a blockchain technology service provider. During the presidential reign of President Barack Obama and Donald Trump, Mr. Goancarlo also performed competently between 2014 to 2019 as the 13th CFTC chairman.
He launched the first bitcoin futures contracts, allowing the evolution of LabCFTC as the stakeholder agency of the digital trading derivatives.
The building of a business future network that allows organizations in the world to innovate across borders is made possible through digital assets.
Digital Asset is preserving privacy and minimizing risk, Mr.GiancarIo who also strongly believe in the power of its digital assets goal and its technology to address these challenges, said he could not be more excited to join the Company’s Board
Yuval Rooz, Co-Founder, and CEO of Digital Asset received him, he further gave remarkable words about Chris Giancarlo to the digital assets board. In his words, he affirmed that Giancarlo is highly commendable in the digital financial and traditional markets.
It’s evident that Giancarlo is an important contributor and prominent blockchain technology proponent to the world views on digital assets. Hence, his knowledge will be pivotal to the growth and accomplishment of the industry. This is especially true as this lead will help buyers guide through the intricacies of forming coherent business interconnections.
Private equity firms in a Series D financing increase digital assets by US$120 million led by 7RIDGE and Eldridge. Digital Asset also reinforced its position in stock markets, endorsing new partnerships with Goldman Sachs, Deutsche Börse, Nasdaq, and the Australian Securities Exchange.
Giancarlo presently serves as senior adviser to the multinational law firm Willkie Farr & Gallagher and is a partner on various boards, such as common securitization solution, Nomura Holdings, LLC, and The American Financial Exchange.
Chris Giancarlo is very excited to be part of raising more blockchain startups.
Since it was established in 2014, Digital Asset through several funding rounds has raised over $300 million. It’s the latest fundraising which took place in April 2021, raked in $120 million. The company has also acquired various crypto companies in the blockchain space. Some of these companies include Elevance, Hyperledger, Bits of Proof, and Blockstack.
