CoinFund Enhances Regulatory Navigation
In a bold step toward bolstering its position in the ever-evolving world of cryptocurrency, CoinFund, the Brooklyn-based blockchain investment firm, has enlisted the expertise of former U.S. commodities regulator J. Christopher Giancarlo. This strategic appointment is designed to help the company tackle the intricate maze of regulatory frameworks surrounding digital assets.
Meet ‘Crypto Dad’
Known affectionately as “Crypto Dad” within the blockchain community, Giancarlo earned his nickname for championing the cause of digital currencies. He served as a commissioner of the Commodity Futures Trading Commission (CFTC) beginning in 2014, later becoming the acting chair in January 2017 and then assuming a full-time role by August of that year. His tenure lasted until July 2019, during which he focused on fostering innovation in the crypto space.
A Driving Force for Thoughtful Crypto Policy
According to CoinFund president Christopher Perkins, Giancarlo has been a significant force in promoting innovative, yet sensible, crypto policies in the U.S. Perkins expressed confidence that Giancarlo’s guidance will be invaluable as domestic regulations shift in real time.
Giancarlo’s Continued Advocacy for Digital Assets
Since his time at the CFTC, Giancarlo has taken an active stance in advocating for digital assets and their potential benefits. His involvement with crypto lending firm BlockFi as a board member further underscores his commitment to the evolution of the industry. Notably, Giancarlo has been vocal about the necessity for the U.S. to develop its own central bank digital currency (CBDC), warning that failure to do so could result in the country as a “backwater” in global digital finance.
CoinFund’s Commitment to Emerging Crypto Projects
CoinFund has been busy this past year, investing in a slew of startups within the crypto ecosystem. The firm closed an impressive $83 million funding round in July 2021, which will be earmarked for supporting promising projects in the blockchain arena. Among its notable contributions are a $50 million Series A funding for digital asset curator Metaversal and participation in NFT marketplace Rarible’s $14 million financing round in June 2021.
