In Brief:
- CoinFund appointed J.Christopher Giancarlo to achieve crypto’s mainestram adoption.
- Giancarlo will help the crypto venture capital firm to run operations under the regulations.
Crypto Investment firm, CoinFund has appointed Former Chairman of Commodity Future Trade and Commission, J. Christopher Giancarlo as a key advisor. Giancarlo is also famous for his nickname ‘crypto dad’ in the crypto community.
The reason behind this hiring is to grow and run the company in a compliance manner to stay in line with the requirements of the regulatory authority.
Giancarlo has served as commissioner in CFTC from 2014 to 2016. From 2017, after getting selected as a new chairman, he served almost 3 years in the same position.
President of CoinFund, Christopher Perkins has called Giancarlo the “driving force” for the innovation at the CFTC, mainly to provide support for “thoughtful crypto policy in the United States.”
Founder of CoinFund, Jake Bruckman believes that Giancarlo will provide strategies to the company to comply with domestic crypto regulations.
Post CFTC, Giancarlo started to advocate for digital assets and also served in the board of directors at BlockFi, a crypto lending firm.
CoinFund has invested in numerous projects and startups in the last few years. Last year, the company fetched $83 million in funding to provide financial support to new crypto innovations and projects. Recently, CoinFund participated in a $50 million Series A funding round for a non-fungible token venture studio Metaversal.
