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Former CFTC chair Giancarlo leaves law to focus on crypto advisory
TL;DR
Chris Giancarlo, former chair of the CFTC, is leaving law to become a full-time crypto adviser. Known as 'Crypto Dad,' he will focus on advising fintech and digital asset firms.
Key points
- Chris Giancarlo is leaving law for cryptocurrency advisory.
- He was known as 'Crypto Dad' for his crypto advocacy.
- Giancarlo oversaw the approval of Bitcoin futures in the US.
Chris GiancarloCFTC
Chris Giancarlo, the former chair of the US Commodity Futures Trading Commission, is stepping away from law to become a full-time adviser to cryptocurrency firms.
Giancarlo, referred to as “Crypto Dad” while in office for his crypto advocacy, posted to X on Sunday that he was leaving the law firm Willkie Farr & Gallagher and retiring from law altogether as he makes the switch to advising crypto and fintech companies.
“From here on, I'll devote my time to advising founders & builders of FinTech & Digital Assets and their CEOs and boards, research & writing on public policy issues, and continuing work with non-profit programs,” he said.
Giancarlo was sworn in as a CFTC commissioner in 2014 during the Obama administration, before President Donald Trump nominated him to be chairman, a title he held between August 2017 and July 2018.
During his stint as chair, he oversaw the approval of the first Bitcoin futures markets in the US and earned the nickname "Crypto Dad" for his early support for the sector and advocacy for regulation.
Source: Chris Giancarlo
Giancarlo has continued to weigh in on crypto regulatory matters and has advised the crypto bank Sygnum, helping guide the firm on global regulations and strategic partnerships.
Related: SEC proposes certain crypto interfaces don’t need to register as brokers
In early March, Giancarlo appeared on an episode of Scott Melker's The Wolf of All Streets”podcast and played down concerns of key proposed regulatory packages like the CLARITY Act not making progress in Congress, arguing that the CFTC and Securities and Exchange Commission would still be able to establish rules to bring clarity to the industry.
Q&A
Why did Chris Giancarlo leave his law career?
Chris Giancarlo left his law career to become a full-time adviser to cryptocurrency firms, focusing on fintech and digital assets.
What is Chris Giancarlo known for in the cryptocurrency space?
Chris Giancarlo is known for his advocacy for cryptocurrency regulation and for overseeing the approval of the first Bitcoin futures markets in the US during his tenure as CFTC chair.
When did Chris Giancarlo serve as chair of the CFTC?
Chris Giancarlo served as chair of the CFTC from August 2017 to July 2018.
