Christopher Giancarlo, the ex-Commodity Futures Trading Commission chairman, announced his new position as senior counsel at the beginning of December. Former CFTC Chair Giancarlo Joining Willkie Farr & Gallagher Law Firm.
As a part of his new role, Giancarlo will be pushing for the development of a Blockchain-based digital dollar though his work on public policies.
Giancarlo stated in an email, “After five years in public service at the U.S. Commodity Futures Trading Commission, I want to continue to help build the digital financial markets of the future.”
“While assisting Willkie clients in their worldwide commercial ventures, I will further focus on key issues of public policy through writing and personal service on both public and private boards.”
Along with Daniel Gorfine, the former director of LabCFTC, Giancarlo called for the creation of the digital dollar. He also has plans to bring in an American alternative for the London Inter-Bank Offered Rate (LIBOR).
Giancarlo said, “I expect soon to announce additional leadership roles in enterprises engaged in financial trading markets and digital commerce.”
Giancarlo is an advisor to the Chamber of Digital Commerce and a board member of the American Financial Exchange. He applies and is known for his “light-touch” regulatory approach to the crypto ecosystem.
During his term, the first US bitcoin futures and bitcoin options were validated by the following firms:
- CME Group
- The Chicago Board Options Exchange