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
Udgivet den Dec 2, 2019
by Coindesk | Udgivet den Coinage
New York AG Finds It 'Perverse' For Bitfinex and Tether to Criticize Investigation
In a filing with the New York State Supreme Court's Appellate Division, New York Attorney General Letitia James roundly criticized the efforts of Bitfinex and Tether to halt her office's investigation into the companies.
Blockchain Pilot Makes Waves in Russia's Energy Sector
Earlier this week, Russian tech startup Waves announced it has been testing a blockchain solution for payments in the retail electricity sector.
Bitcoin longs hit record high on Bitfinex, long squeeze incoming?
The number of Bitcoin long contracts on margin trading platform Bitfinex has exploded in December to reach the highest level in years, far exceeding the levels of BTC's late 2017 bull market.
Highest in 2 Years: 65% of Bitcoin Hash Power Is in China, Report Finds
Skeptics like economist Nouriel Roubin often claim there is a massive centralization of power among miners and the blockchain is not even close to decentralization and democracy.