Former CFTC Chairman Joins the Advisory Board of the Chamber of Digital Commerce
J. Christopher Giancarlo, the former CFTC (Commodity Futures Trading Commission) recently joined a Chamber of Digital Commerce advisory board. This is a trade group whose main focus is on crypto and blockchain policy in the United States.
Giancarlo was at the helm of the CFTC for a period of two years. This was after being a commissioner in the same commission for a stint lasting three years. It was during his watch that the CFTC allowed the entrance of the first futures product into the market.
When he appeared in front of the U.S Senate Banking Committee, he famously told members of the committee that he believed that using the “do no harm” approach was the best way to handle the emerging blockchain space.
The approach recommended to the committee during his appearance is what led to the emergence of the moniker “Crypto Dad”. He went on to accept and embrace the nickname given to him by members of the crypto-verse.
On Tuesday, he released a statement noting that the Chamber of Digital Commerce was at the epicenter of the emerging blockchain technology. And to him, he believed that this was a technology that could only be equated to a movement.
He went on to add that he was eager and looking forward to joining the advisory board of leaders drawn from different fields and areas of expertise. He stated that these were people who were working hard to try and promote the mass adoption of blockchain technology.
“Crypto Dad” finished by stating that he was hopeful that together with the other leaders, they could be able to modernize and streamline the regulatory ecosystem in a bid to encourage further development in the crypto space.
Perianne Boring, who is the President and Founder of this chamber released a statement stating that Giancarlo would provide substantial knowledge to the board thanks to his past efforts encouraging tech advancement and his broad experience in the financial markets.
She later told CoinDesk that the world was now entering a new chapter of blockchain activism.