Former Commodity Futures Trading Commission Chairman J. Christopher Giancarlo has joined the board of directors of stablecoin issuer Paxos, according to a statement released by the company.
Paxos chose Giancarlo, nicknamed “CryptoDad,” to work with other directors including former U.S. Senator Bill Bradley, DN.J.
Paxos CEO Charles Cascarilla said Giancarlo will help the company grow. press release On Tuesday.
“He has been a leader in advocating for blockchain to improve the infrastructure of our financial system.” Cascarilla said. “His insights will help us expand our position as a leader in regulated digital asset market structures and stablecoin innovation.”
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Crypto Dad
Giancarlo served as CFTC Chairman from March 2017 to April 2019, where he oversaw the launch of the first Bitcoin futures product. he later published A book about Bitcoin derivatives, “CryptoDad: The Fight for the Future of Money”.”
The former CFTC chairman also co-founded the Digital Dollar Project. court Explore digital innovations, including U.S. central bank digital currencies.
“I am honored to join the Paxos board of directors and help transform the financial sector,” Giancarlo said in a statement. “Paxos’ commitment to compliance and to building a more efficient and inclusive financial system resonates deeply with me.”
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About the author
Sarah is a reporter for The Block covering policy, regulation and legal events. Sarah was previously a reporter writing about securities regulation at CQ Legal, where she first began her reporting on cryptocurrencies. She Sarah has also written for The Bond Buyer and American Banker, among other financial publications. She graduated from the University of Missouri with a degree in Print and Digital Journalism. Sarah lives in Washington, DC and she is an avid coffee lover. You can follow her on Twitter @ForTheWynn.