Ex-CFTC Chair Chair Giancarlo Joins BlockFi Board of Directors

Ex-CFTC Chair Chair Giancarlo Joins BlockFi Board of Directors

Chris Giancarlo, the former top U.S. commodities regulator who pivoted to digital currency projects after leaving Washington, joined BlockFi’s board of directors Tuesday.

The man known as “Crypto Dad” to the industry will assist BlockFi to “broaden its footprint” in the digital assets space, according to a company statement. BlockFi is already a major crypto lender with $10 billion lent across its client base of over 225,000.

BlockFi’s addition of Giancarlo signals the high demand for regulatory veterans within the crypto industry. Just today, Binance.US snagged former acting OCC chief Brian Brooks as its new CEO.

Giancarlo has been leveraging his pro-crypto stint at the Commodities and Futures Trading Commission (CFTC) into advisory gigs and board seats since leaving the swaps regulator in April 2019.

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