“Crypto Dad” just can’t stay away.
Former Commodity Futures Trading Commission (CFTC) chairman J. Christopher Giancarlo has joined the advisory board to the Chamber of Digital Commerce, a trade group focused on blockchain and crypto policy in the U.S.
Giancarlo helmed the CFTC for two years, following a three-year stint as a commissioner with the agency. Under his watch, the CFTC allowed the first bitcoin futures products to enter the space.
Most famously, Giancarlo told the U.S. Senate Banking Committee that, in his view, “‘do no harm‘ is the right overarching approach” for the blockchain space. His recommended approach earned him the nickname “Crypto Dad” from the community, a moniker he has embraced.
In a statement Tuesday, he said “the Chamber is at the epicenter of this emerging field of technology that can only be described as a movement,” adding:
“I’m looking forward to joining this group of advisory board leaders, from many fields and areas of expertise, whom 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.”
Perianne Boring, the Chamber’s founder and president, said in a statement that Giancarlo would add his “substantial knowledge” to the group’s board, citing his experience with the financial markets and his past efforts in “encouraging advancements in technology.”
“We are entering a new phase of blockchain advocacy,” she told CoinDesk. “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.