Former CFTC Chairman “Crypto Dad” Joins the Circle Full-time! Will focus on Web3 consulting business

Chris Giancarlo, the former chairman of the U.S. Commodity Futures Trading Commission (CFTC), has announced that he will leave the legal profession to devote himself full-time to crypto consulting. The regulator, who approved the first Bitcoin futures ETF during his tenure, will provide strategic advisory services to founders and boards of directors of financial technology and digital asset projects in the future.

This event is of great significance. Giancarlo, known as the "crypto dad" in the circle, is one of the few senior U.S. regulatory officials who are open to the industry. His full-time joining not only brings top-level compliance and policy connections to the industry, but is also regarded as the "vote with your feet" of traditional financial executives on the long-term value of crypto assets. This may affect the direction of subsequent U.S. policymaking.

For retail investors, the entry of senior regulators means that the industry is accelerating towards compliance and maturity. There may be clearer, more investor-friendly rules in the future. But in the short term, this is more like a strong signal of confidence, especially to boost the interest of institutional investors. **Don’t forget when trading, platforms like CoinRebate can help you compare the rates of major exchanges, and you can earn money if you save. **

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This article was edited by CoinRebate AI, data source: CoinTelegraph