Ex-CFTC Chair ‘Crypto Dad’ Giancarlo Joins Electronic Chamber Trade Team

“Crypto Dad” just can not continue to be absent.

Former Commodity Futures Trading Fee (CFTC) chairman J. Christopher Giancarlo has joined the advisory board to the Chamber of Electronic Commerce, a trade group centered on blockchain and crypto plan in the U.S.

Giancarlo helmed the CFTC for two years, subsequent a 3-yr stint as a commissioner with the agency. Less than his look at, the CFTC allowed the first bitcoin futures merchandise to enter the place.

Most famously, Giancarlo instructed the U.S. Senate Banking Committee that, in his check out, “‘do no hurt‘ is the proper overarching approach” for the blockchain place. His proposed technique earned him the nickname “Crypto Dad” from the local community, a moniker he has embraced.

In a statement Tuesday, he claimed “the Chamber is at the epicenter of this rising field of technological know-how that can only be explained as a motion,” incorporating:

“I’m wanting forward to joining this group of advisory board leaders, from quite a few fields and regions of experience, whom are currently functioning to endorse the adoption of this transformative technological know-how. It is my hope that jointly we can streamline and modernize the regulatory setting and encourage more blockchain innovation.”

Perianne Monotonous, the Chamber’s founder and president, claimed in a statement that Giancarlo would include his “substantial knowledge” to the group’s board, citing his practical experience with the economic markets and his previous endeavours in “encouraging developments in technological know-how.”

“We are moving into a new phase of blockchain advocacy,” she instructed CoinDesk. “As the world’s leaders are convening to explore the foreseeable future of the international economic and financial system, crypto and blockchain are significantly enjoying a important role in these conversations. Chris Giancarlo’s beneficial experience will be essential as we continue on to shift the field forward.”

The Chamber, launched in 2014, just lately celebrated its fifth birthday by inviting its users to satisfy with users of Congress and Congressional staffers to educate lawmakers about the opportunity works by using and positive aspects of the technological know-how.

In February, the group identified as on the U.S. authorities to produce a national framework for blockchain and cryptocurrency legislation.

The U.S. challenges falling driving other nations if it does not, Monotonous has claimed in the previous.

Due to the fact leaving the CFTC, Giancarlo has also joined the board of directors to the American Financial Exchange, an electronic interbank lending system.

Christopher Giancarlo photo by Nikhilesh De for CoinDesk