Blockchain investment firm CoinFund has named former US commodity regulator J. Christopher Giancarlo as a strategic adviser, a move that will help the Brooklyn-based company navigate the country’s complex and ever-changing regulatory requirements.
In 2014, Giancarlo is often referred to as the “Crypto Dad” of the blockchain community for its support of digital assets. He was appointed Commissioner of the Commodity Futures Trading Commission (CFTC). In January 2017, he became full-time acting president in August of that year. . He held this position until July 2019.
Christopher Perkins, president of CoinFund, called Giancarlo the “driver” of innovation at the CFTC, specifically in defense of “smart cryptocurrency policy in the United States.” Jake Brockman, founder of CoinFund, said that the former government official will provide expert information at a time when local cryptocurrency regulations are changing in real time.
Since leaving the CFTC, Giancarlo has become a more vocal supporter of digital assets and even sat on the board of the crypto-loan company BlockFi. In June 2021, Giancarlo told the Cointelegraph that the United States risks becoming “stagnant” without a digital central bank currency, and it is clear that China has been a pioneer in the development of a digital central bank currency. Back in January 2020, Giancarlo said the United States needed a digital dollar to compete with China’s CBDC project.
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Over the past year, CoinFund has invested in several cryptocurrency-focused startups. As Cointelegraph reported, the blockchain investment company completed a $ 83 million round of financing in July 2021 to continue supporting startups in the blockchain and cryptocurrency industries. The company was behind a recent $ 50 million Series A funding round for digital asset coordinator Metaversal and also contributed to a $ 14 million Rarible funding round for NFT Marketplace in June 2021.