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In a bit of interesting news, Chris Giancarlo, the once chairman of the United States Commodity Futures Trading Commission (CFTC), will now be a senior counsel at Willkie Farr & Gallagher, a law firm in New York, reports Reuters.
Interestingly, Giancarlo served at the CFTC for five years, three of which he was the head of, from 2017 to 2019. On Twitter, he was known as “Crypto Dad,” due to his focus on cryptocurrency and his desire to make them more accessible to all.
“I will divide my time between assisting Willkie clients in their worldwide commercial ventures and focusing on key issues of public interest…Among other things, I will continue to advocate development of a blockchain-based digital dollar and a new American lending benchmark to replace Libor,” says Giancarlo in an email to the publication.
Appropriately, the former head will still focus on blockchain and cryptocurrencies in this new position at the law firm, and will hopefully be able to bring about more developments, such as him being part of the reason for the first-ever Bitcoin Futures offerings from platforms like Bakkt and the CME Group.
“I want to continue to help build the digital financial markets of the future,” he ends.
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