Former CFTC Chair Giancarlo Joins Paxos Board of Directors

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As a researcher with a background in finance and experience following the fintech industry, I’m thrilled to see J. Christopher Giancarlo joining Paxos’ board of directors. With his extensive experience leading the Commodity Futures Trading Commission (CFTC) from 2017 to 2019 and his recent involvement in the fintech and cryptocurrency sectors, he brings unparalleled expertise and understanding of complex market dynamics to Paxos.

As a crypto investor, I’m excited to share that the fintech firm Paxos has recently made an important announcement. They have welcomed J. Christopher Giancarlo, the former Chairman of the Commodity Futures Trading Commission (CFTC), into their esteemed board of directors. This addition brings valuable industry experience and regulatory insights to the table.

I’m thrilled to share the news that J. Christopher Giancarlo, a esteemed former Chairman of the Commodity Futures Trading Commission (CFTC), is now part of our Board of Directors here at Paxos. With his extensive expertise and deep understanding of intricate market dynamics, Chris will significantly contribute to our team as we continue to grow.

Welcome aboard, Chris!

— Paxos (@Paxos) May 14, 2024

Charles Cascarilla, the CEO and co-founder of Paxos, highly valued Chris Giancarlo’s knowledge in the financial markets. He expressed, “Chris possesses unprecedented expertise and insight into intricate market conditions that will significantly benefit Paxos.”

I, Giancarlo, served as the head of the Commodity Futures Trading Commission (CFTC) from March 2017 to April 2019. Upon my departure from the CFTC, I became actively involved in the fintech and cryptocurrency industries. In this new role, I provided consultation on asset tokenization and distributed ledger technology at Digital Asset. Additionally, I joined BlockFi’s board of directors and offered advisory services to CoinFund.

Paxos, under regulatory investigation by the US Securities and Exchange Commission (SEC), announced Giancarlo’s appointment in February 2023. The SEC had signaled a possible lawsuit against Paxos regarding its Binance USD (BUSD) stablecoin, causing the company to cease BUSD production.

With his appointment to Paxos’ board, Giancarlo’s expertise adds significant value in terms of market knowledge during regulatory hurdles, strengthening the company’s influence within the digital asset sector.

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2024-05-15 08:53