Copy link
Increase text size
Decrease text size
Link copied

Former CFTC chairman to join Willkie Farr & Gallagher Law Firm; To advocate for digital dollar development

Willkie Farr & Gallagher Law Firm has announced that it will be adding former Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo to its ranks.

Image: Unsplash

Tue, 03 Dec 2019, 08:36 am UTC

New York-based law firm Willkie Farr & Gallagher will be adding a heavy hitter into its fold. In an announcement made on Monday, Dec. 2, it’s been revealed that former Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo is set to join the firm.

Giancarlo will be occupying a public policy position where he’ll be advocating for the creation of a blockchain-based digital dollar, as well as assisting the firm’s clients with their respective needs. Known as “Crypto Dad” by the industry, Giancarlo has been one of the leading voices who’s been calling for fair regulation of the nascent market during his tenure with the CFTC.

He parted ways with the regulatory agency in July when his five-year term came to an end. Willkie Farr Chairman Steven Gartner praised Giancarlo for his extensive work with the CFTC, particularly his skill set in the financial and technological sectors.

Giancarlo’s expertise

“As a leading voice on the regulation of emerging technologies, Chris brings knowledge, experience and public and private sector relationships that will be invaluable to our clients in the financial services, technology, and commodities sectors. His legal and corporate background, unparalleled knowledge of the global derivatives markets and their intersection with emerging technologies, combined with his longstanding relationships across the firm, make him a natural fit for Willkie,” Garner said.

With blockchain technology disrupting private and government sectors, Giancarlo believes that the U.S. government should deeply consider developing a digital dollar lest it wants to get left behind by other nations. China is currently on the path of massively adopting the emerging innovation into its system and is planning in creating its own central bank digital currency (CBDC). Turkey is also aiming to do the same, with its own CBDC slated for completion by the end of 2020.

A call for the U.S. to keep up

But it’s not just Giancarlo who’s been advocating for this movement. Congressman Warren Davidson is also echoing Giancarlo’s sentiment and has been highlighting the advantages that blockchain will bring, going so far as to claim that the pros outweigh the risks posed by cryptocurrencies.

“From improving capital formation, supply chain logistics, reinventing shop floor operations, product identification and traceability, U.S. manufacturers could stand to harness the power of blockchain to unleash incredible innovation and manufacturing growth,” Davidson said.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $13,093.60 (-3.83%)
  • Ethereum (ETH) $386.34 (-2.02%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $263.01 (+0.90%)
  • Chainlink (LINK) $11.36 (-2.26%)
  • Bitcoin (BTC) $13,093.60 (-3.83%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft