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- Christopher Giancarlo was the 13th chairman of the U.S. CFTC, leading the organization during the debut of “Bitcoin futures.”
- He recognizes the current market as a healthy combination of retail and institutional interest in crypto and an excellent opportunity for BlockFis worldwide.
- BlockFi is equivalent to a bank in the virtual-currency realm; it even offers a Bitcoin Trust.
Recognized “Crypto Dad” Christopher Giancarlo, the former chairman of the U.S. Commodity Futures Trading Commission (CFTC), has joined the cryptocurrency lender BlockFi’s board of directors.
Acclaimed “Crypto Dad”
The CFTC’s 13th chairman led the organization when the Chicago Board Options Exchange (Cboe) and CME Group Inc. first offered Bitcoin futures contracts in 2017. Advocating for a “do no harm” regulatory stance towards blockchain products, Giancarlo earned his acclaimed title.
“Digital”: Future of Assets
The 61-year-old American attorney, recently in an interview, praised the speedy evolution of the crypto ecosystem. He said the market’s present retail and institutional interest in crypto is in “a healthy combination.” Recognizing it as an opportunity for the BlockFis around the world since “traditional lenders” including banks have been slow to embrace crypto “and yet there’s incredible demand.” Giancarlo believes the future of assets is “digital.”
Many ex-regulators have preceded Christopher Giancarlo’s decision to switch to an industry role. Wall Street executives, including Ben Lawsky, the former head of the New York State Department of Financial Services who joined the board of Ripple Labs Inc., and Gary Cohn, the former president of Goldman Sachs Group Inc., now on the board of blockchain startup Spring Labs.
BlockFi, a Non-Bank Lender
Amid banks’ not-so-reliable stance on lending to crypto-associated lone or firm, the major non-bank crypto firms, including BitGo, BlockFi, Galaxy Digital, and Genesis, have been volunteering to meet the investor demand. Lending the hedge funds in need of cash to buy Bitcoin for trade with the least risk where annual returns have reached 20-40%.
BlockFi is equivalent to a bank in the virtual-currency realm. It pays interest on crypto deposits and makes cash loans keeping those holdings as collateral. The firm even offers a credit card with Bitcoin rewards and a Bitcoin Trust offering crypto exposure to investors without buying the tokens.
Controversial Bitcoin Futures
Recalling his time at CFTC when Bitcoin futures debuted, Giancarlo admitted it did cause a “controversy”. Back then, the chairman of Interactive Brokers, Thomas Peterffy, was doing everything in his power to stop the debut, citing Bitcoin futures “will end” the western world. He confirmed, even Wall Street’s Futures Industry Association was opposed to the move.
The revolt did lead to Cboe dropping the contract, but the CME Group’s succeeded; the exchange recently added Ether futures.
A Man of Many Commitments
Christopher Giancarlo is part of a number of institutions. Apart from the board of BlockFi, he also serves as senior counsel to law firm Willkie Farr & Gallagher LLP, part of the advisory board of the Chamber of Digital Commerce, and is an independent director of the American Financial Exchange. Giancarlo is co-founder of the Digital Dollar Project and was recently designated a seat on the board of Nomura Holdings Inc.
- Christopher Giancarlo was the 13th chairman of the U.S. CFTC, leading the organization during the debut of “Bitcoin futures.”
- He recognizes the current market as a healthy combination of retail and institutional interest in crypto and an excellent opportunity for BlockFis worldwide.
- BlockFi is equivalent to a bank in the virtual-currency realm; it even offers a Bitcoin Trust.
Recognized “Crypto Dad” Christopher Giancarlo, the former chairman of the U.S. Commodity Futures Trading Commission (CFTC), has joined the cryptocurrency lender BlockFi’s board of directors.
Acclaimed “Crypto Dad”
The CFTC’s 13th chairman led the organization when the Chicago Board Options Exchange (Cboe) and CME Group Inc. first offered Bitcoin futures contracts in 2017. Advocating for a “do no harm” regulatory stance towards blockchain products, Giancarlo earned his acclaimed title.
“Digital”: Future of Assets
The 61-year-old American attorney, recently in an interview, praised the speedy evolution of the crypto ecosystem. He said the market’s present retail and institutional interest in crypto is in “a healthy combination.” Recognizing it as an opportunity for the BlockFis around the world since “traditional lenders” including banks have been slow to embrace crypto “and yet there’s incredible demand.” Giancarlo believes the future of assets is “digital.”
Many ex-regulators have preceded Christopher Giancarlo’s decision to switch to an industry role. Wall Street executives, including Ben Lawsky, the former head of the New York State Department of Financial Services who joined the board of Ripple Labs Inc., and Gary Cohn, the former president of Goldman Sachs Group Inc., now on the board of blockchain startup Spring Labs.
BlockFi, a Non-Bank Lender
Amid banks’ not-so-reliable stance on lending to crypto-associated lone or firm, the major non-bank crypto firms, including BitGo, BlockFi, Galaxy Digital, and Genesis, have been volunteering to meet the investor demand. Lending the hedge funds in need of cash to buy Bitcoin for trade with the least risk where annual returns have reached 20-40%.
BlockFi is equivalent to a bank in the virtual-currency realm. It pays interest on crypto deposits and makes cash loans keeping those holdings as collateral. The firm even offers a credit card with Bitcoin rewards and a Bitcoin Trust offering crypto exposure to investors without buying the tokens.
Controversial Bitcoin Futures
Recalling his time at CFTC when Bitcoin futures debuted, Giancarlo admitted it did cause a “controversy”. Back then, the chairman of Interactive Brokers, Thomas Peterffy, was doing everything in his power to stop the debut, citing Bitcoin futures “will end” the western world. He confirmed, even Wall Street’s Futures Industry Association was opposed to the move.
The revolt did lead to Cboe dropping the contract, but the CME Group’s succeeded; the exchange recently added Ether futures.
A Man of Many Commitments
Christopher Giancarlo is part of a number of institutions. Apart from the board of BlockFi, he also serves as senior counsel to law firm Willkie Farr & Gallagher LLP, part of the advisory board of the Chamber of Digital Commerce, and is an independent director of the American Financial Exchange. Giancarlo is co-founder of the Digital Dollar Project and was recently designated a seat on the board of Nomura Holdings Inc.
- Christopher Giancarlo was the 13th chairman of the U.S. CFTC, leading the organization during the debut of “Bitcoin futures.”
- He recognizes the current market as a healthy combination of retail and institutional interest in crypto and an excellent opportunity for BlockFis worldwide.
- BlockFi is equivalent to a bank in the virtual-currency realm; it even offers a Bitcoin Trust.
Recognized “Crypto Dad” Christopher Giancarlo, the former chairman of the U.S. Commodity Futures Trading Commission (CFTC), has joined the cryptocurrency lender BlockFi’s board of directors.
Acclaimed “Crypto Dad”
The CFTC’s 13th chairman led the organization when the Chicago Board Options Exchange (Cboe) and CME Group Inc. first offered Bitcoin futures contracts in 2017. Advocating for a “do no harm” regulatory stance towards blockchain products, Giancarlo earned his acclaimed title.
“Digital”: Future of Assets
The 61-year-old American attorney, recently in an interview, praised the speedy evolution of the crypto ecosystem. He said the market’s present retail and institutional interest in crypto is in “a healthy combination.” Recognizing it as an opportunity for the BlockFis around the world since “traditional lenders” including banks have been slow to embrace crypto “and yet there’s incredible demand.” Giancarlo believes the future of assets is “digital.”
Many ex-regulators have preceded Christopher Giancarlo’s decision to switch to an industry role. Wall Street executives, including Ben Lawsky, the former head of the New York State Department of Financial Services who joined the board of Ripple Labs Inc., and Gary Cohn, the former president of Goldman Sachs Group Inc., now on the board of blockchain startup Spring Labs.
BlockFi, a Non-Bank Lender
Amid banks’ not-so-reliable stance on lending to crypto-associated lone or firm, the major non-bank crypto firms, including BitGo, BlockFi, Galaxy Digital, and Genesis, have been volunteering to meet the investor demand. Lending the hedge funds in need of cash to buy Bitcoin for trade with the least risk where annual returns have reached 20-40%.
BlockFi is equivalent to a bank in the virtual-currency realm. It pays interest on crypto deposits and makes cash loans keeping those holdings as collateral. The firm even offers a credit card with Bitcoin rewards and a Bitcoin Trust offering crypto exposure to investors without buying the tokens.
Controversial Bitcoin Futures
Recalling his time at CFTC when Bitcoin futures debuted, Giancarlo admitted it did cause a “controversy”. Back then, the chairman of Interactive Brokers, Thomas Peterffy, was doing everything in his power to stop the debut, citing Bitcoin futures “will end” the western world. He confirmed, even Wall Street’s Futures Industry Association was opposed to the move.
The revolt did lead to Cboe dropping the contract, but the CME Group’s succeeded; the exchange recently added Ether futures.
A Man of Many Commitments
Christopher Giancarlo is part of a number of institutions. Apart from the board of BlockFi, he also serves as senior counsel to law firm Willkie Farr & Gallagher LLP, part of the advisory board of the Chamber of Digital Commerce, and is an independent director of the American Financial Exchange. Giancarlo is co-founder of the Digital Dollar Project and was recently designated a seat on the board of Nomura Holdings Inc.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
