Ex-CFTC Chair Chris Giancarlo Joins CoinFund as Policy Adviser

Giancarlo will help the crypto venture capital firm navigate the Web 3 landscape.

AccessTimeIconJan 13, 2022 at 5:00 p.m. UTC
Updated Jan 13, 2022 at 7:16 p.m. UTC

Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.

Former Commodity Futures Trading Commission (CFTC) chairman J. Christopher Giancarlo has joined crypto venture capital firm CoinFund as a strategic adviser.

Affectionately called “Crypto Dad” by many in the cryptocurrency industry for his crypto-friendly stance as a regulator, Giancarlo’s role as adviser to the investment firm will focus on policy. Specifically, Giancarlo will help CoinFund traverse Web 3 regulation.

Web 3 refers to a possible (and much-debated) next generation of the internet that encompasses decentralized protocols and promises to reduce netizens’ dependency on big tech companies like Amazon and Facebook.

“As former chairman of the CFTC, Chris was always on the cutting edge of technology and at the forefront of regulatory policy,” CoinFund President Christopher Perkins wrote in an email to CoinDesk. “As the regulatory framework continues to crystallize across Web 3, Chris will be able to deliver key insight on how CoinFund and portfolio partners can navigate this emerging landscape.”

In a press release issued Thursday, CoinFund founder Jake Brukhman called Giancarlo’s appointment a “distinct honor” for the firm, adding:

“As crypto regulation and legislation is being formed in real time in the United States, Chris stands out as one of the most authoritative experts and commentators when it comes to Web 3 and crypto adoption, as well as capital market structure.”

Giancarlo’s role at CoinFund is not his first in the crypto industry since leaving the CFTC in 2019. In addition to his position as senior counsel at the white-shoe law firm Willkie Farr & Gallagher LLP, Giancarlo co-founded the Digital Dollar Project in January 2020.

He also sat on the board of directors at embattled crypto lending startup BlockFi, but left last September after only four months in the position.

CORRECTION (Jan. 13, 19:16 UTC): Corrects Jake Brukhman's title.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.

CoinDesk - Unknown

Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.

Trending

1
CoinDesk - Unknown
Genesis Confirms 3AC Exposure, DCG Assistance

The crypto market-making and trading giant had been rumored to have suffered hundreds of millions in losses, in part thanks to dealings with hedge fund Three Arrows Capital.

CoinDesk - Unknown
2
CoinDesk - Unknown
Ethereum's Sepolia Testnet Successfully Switches to Proof-of-Stake

The Sepolia proof-of-work chain merged with its proof-of-stake chain on Wednesday, taking Ethereum one step closer to its own Merge moment.

CoinDesk - Unknown
3
CoinDesk - Unknown
Nic Carter vs. The Bitcoin Maximalists

If maximalism has become nothing but a refusal to think through bitcoin’s actual usefulness, it has become an intellectual dead end. No surprise, then, that the intellectuals are jumping ship.

CoinDesk - Unknown
4
CoinDesk - Unknown
New York Regulators Have Planted a Seed for Stablecoin Transparency

New guidance from the New York Department of Financial Services should shake up how stablecoin issuers do attestation and other reporting, says our columnist.

CoinDesk - Unknown