World Crypto Global
- Written by: Damian Chmiel
- Tue, 14 May 2024
- Israel
Paxos, a regulatedblockchain and tokenization infrastructure platform, announced today theappointment of J. Christopher Giancarlo, former Chairman of the US CommodityFutures Trading Commission (CFTC), to its board of directors.Paxos Scores RegulatoryHeavyweight from CFTCGiancarlo,a respected figure in the financial services industry and a passionate advocatefor blockchain technology, brings decades of expertise to Paxos as the companycontinues to innovate in the digital asset space. During histenure at the CFTC from 2014 to 2019, Giancarlo oversaw the introduction of thefirst Bitcoin futures products and applied a "Do No Harm" regulatoryapproach to blockchain technology."Chrisbrings unparalleled expertise and understanding of complex market dynamics toPaxos," said Charles Cascarilla, CEO and Co-Founder of Paxos. "Hisinsights will support us as we expand our position as a leader in regulateddigital asset market structure and stablecoin innovation."Paxos, aregistered trust company, issues regulated digital assets such as PayPal USD(PYUSD), Pax Dollar (USDP), and Pax Gold (PAXG). The company aims to leverageblockchain technology to create a more inclusive and accessible financialsystem"Paxoshas established itself as the leader in bridging traditional and digital assetmarkets by introducing regulated solutions that are safe for institutions andconsumers," said Giancarlo. "I'm honored to join Paxos's board and bea part of innovation in the financial sector."From Government to CryptoChrisGiancarlo is no stranger to cryptocurrencies. With over 50,000 followers onTwitter, he is nicknamed "CryptoDad" and frequently shares hisinsights on digital assets and blockchain technology.The free world & free people must work together to ensure that #digitalcurrency networks reflect virtues of #financialfreedom & #economicliberty. My op-ed this morning in Banking, Risk & Regulation @FT @mrjohncrowley Go to this link: https://t.co/YsMSoMVhHp Chris Giancarlo (@giancarloMKTS) May 13, 2024He is oneof the latest government or agency representatives to join a crypto firm.Earlier this year, former UK Finance Minister George Osborne made a similarmove by joining Coinbase's advisory council amid its global expansion.PeterMarton, formerly the Deputy Superintendent of Virtual Currency at the New YorkDepartment of Financial Services, has taken on the role of Director of DigitalIdentity at Fireblocks.BrianBrookes, who was the Senior Deputy Comptroller at the Comptroller of theCurrency within the US Treasury Department, has joined the Board of Directorsat Hashdex. His role involves advising on global regulation to attractinstitutional investors and strategically working with public policymakers.Additionally,Circle, the issuer of USDC, appointed Heath Tarbert as their Chief LegalOfficer and Head of Corporate Affairs earlier this year. Tarbert, whopreviously served as Chairman and Chief Executive of the CFTC, was the ChiefLegal Officer at Citadel Securities before joining Circle.This article was written by Damian Chmiel at www.financemagnates.com.
