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Former Commodity Futures Trading Commission (CFTC) chairman J. Christopher Giancarlo has joined the board of advisors of the Chamber of Digital Commerce, as per an announcement.
Headquartered in Washington, DC, the Chamber of Digital Commerce claimed to be the first and largest trade organization for blockchain and digital asset community in the world.
Describing the Chamber as the “epicenter” of the emerging blockchain technology, Giancarlo said he is “looking forward to joining this group of advisory board leaders, from many fields and areas of expertise, who are already working to promote the adoption of this transformative technology. It is my hope that together we can streamline and modernize the regulatory environment and encourage further blockchain innovation.”
Giancarlo managed the CFTC for 2 years before he left his position in July. He also served as CFTC’s commissioner from 2014 until his departure, which came because of the expiry of his 5-year term. Under his tenure, the CFTC welcomed the first bitcoin futures products.
Famous for his nickname “Crypto Dad,” Giancarlo recommended to the U.S. Senate Banking Committee the “do no harm” approach for the blockchain space, testifying in favor of innovation on virtual currencies in February 2018.
The Chamber’s Founder and President Perianne Boring said that Giancarlo would add his “substantial knowledge” to the board, citing his different financial field expertise and previous efforts to encourage “advancements in technology.”
Speaking to CoinDesk, Boring noted that “as the world’s leaders are convening to discuss the future of the international financial and monetary system, crypto and blockchain are increasingly playing a key role in these discussions. Chris Giancarlo’s valuable expertise will be critical as we continue to move the industry forward.”
Meanwhile, the Chamber has a growing list of members, consisting of the world’s leading innovators, operators, and investors. Notable members of the community include Accenture, BNY Mellon, Digital Assets, Fidelity Investments, IBM, Overstock’s Medici Ventures, Microsoft, PwC, and R3. Crypto derivatives provider Eris X was the latest member to join the leading trade association.
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