J. Christopher Giancarlo
|J. Christopher Giancarlo|
J. Christopher Giancarlo is chairman of the U.S. Commodity Futures Trading Commission (CFTC). The U.S. Senate confirmed him in that role on August 3, 2017. He had been acting chairman at the commission since January 20, 2017.
Cryptocurrency and Blockchain
Giancarlo has maintained an even stance on cryptocurrency and blockchain technology, especially in regards to regulation. In February 2018, he said in a talk to the Senate Banking Committee in Washington, D.C. that digital assets and blockchain technology that . He also said that, although bitcoin and other digital assets are considered commodities, the CFTC does not have jurisdiction on spot trading for digital assets. He emphasized the need for regulators to have "perspective" and encouraged those at the CFTC, the SEC and other federal and state regulators and criminal authorities to work together to create "forward-thinking" regulations for digital asset trading and the implementation of blockchain technology.
In October, Giancarlo said that regulating cryptocurrency derivatives markets is best approached by taking a "two-handed approach." On one hand, he said, it is the duty of regulators like the CFTC to crack down on those using digital assets to commit fraud and other crimes. On the other hand, he said that these problems are in part due to a lack of a market infrastructure, which he said would develop naturally as institutional investors move into the space.
https://www.coindesk.com/cftc-chair-giancarlo-says-institutional-investors-will-help-crypto-mature/ https://www.cnbc.com/2018/09/14/do-no-harm-in-regulating-cryptocurrencies-but-be-vigilant-cftc.html https://www.ccn.com/cryptocurrency-is-here-to-stay-cftc-chairman-giancarlo/
Full page on MarketsWiki
- CFTC Names J. Christopher Giancarlo Acting Chairman. Mondovisione.
- Written Testimony of Chairman J. Christopher Giancarlo before the Senate Banking Committee, Washington, D.C.. U.S. Commodity Futures Trading Commission.
- CFTC Chair Giancarlo Says Institutional Investors Will Help Crypto 'Mature'. Coindesk.