{"id":130040,"date":"2025-05-27T06:15:45","date_gmt":"2025-05-27T06:15:45","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=130040"},"modified":"2025-05-27T06:15:45","modified_gmt":"2025-05-27T06:15:45","slug":"former-cftc-chair-christopher-giancarlo-joins-crypto-bank-sygnum","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=130040","title":{"rendered":"Former CFTC Chair Christopher Giancarlo joins crypto bank Sygnum"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsChristopher Giancarlo, former chairman of the US Commodity Futures Trading Commission (CFTC), has joined Sygnum in an advisory role, where he will help the crypto bank navigate global regulations amid growing institutional interest in digital assets.\u00a0<br \/>\nGiancarlo\u2019s appointment as senior policy adviser places him alongside 11 other members of Sygnum\u2019s Advisory Council, the company disclosed on May 27.<br \/>\nIn his role, Giancarlo will advise on regulations and strategic partnerships in both the public and private sectors.\u00a0<br \/>\nSygnum is a Swiss banking group dedicated to providing crypto asset services. It\u2019s often called the first digital asset bank, having recently achieved unicorn status following a $58 million funding round.\u00a0<br \/>\nGiancarlo, who headed the CFTC between 2017 and 2019, said he is joining Sygnum at a time when the global digital asset industry is nearing a turning point in institutional adoption.<br \/>\nChristopher Giancarlo. Source: SygnumGiancarlo has earned the moniker of \u201ccrypto dad\u201d for his advocacy for digital assets, particularly in the United States. In 2023, he said a sweeping political shift in Washington, DC, would be necessary to enact pro-industry legislation.\u00a0<br \/>\nThat shift appeared to materialize following Donald Trump\u2019s presidential victory last November.<br \/>\nHowever, shortly after the election, Giancarlo quashed rumors that he would succeed outgoing Securities and Exchange Commission Chair Gary Gensler. He also shot down reports that he was interested in a crypto-related role at the US Treasury.<br \/>\nSource: Chris GiancarloRelated: Sygnum adds off-exchange crypto custody to Deribit with Fireblocks tech<br \/>\nInstitutional adoption of digital assets heats up<br \/>\nA confluence of pro-crypto policies, the successful launch of Bitcoin exchange-traded funds (ETFs), and advances in tokenization and stablecoins has captured the attention of institutional investors over the past year.<br \/>\nIn the United States, Bitcoin ETFs are on track for a record-breaking month, drawing $1.5 billion in inflows over just two days.\u00a0<br \/>\nOn the regulatory front, the Senate passed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. If enacted into law, the bill could further accelerate institutional adoption, according to DWF Labs managing partner Andrei Grachev.<br \/>\nMeanwhile, Bitcoin\u2019s rally to all-time highs has created a positive feedback loop where more institutions view BTC as a mature asset worthy of inclusion in modern portfolios, according to a recent report by Fidelity Digital Assets.\u00a0<br \/>\nCrypto also shows positive growth in places Sygnum is active, like Singapore and the United Arab Emirates. However, Sygnum\u2019s CEO, Matthias Imbach, recently warned that the company\u2019s native Switzerland may lose its competitive advantage as a crypto destination if it fails to keep innovating.<br \/>\nMagazine: Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee<a href=\"https:\/\/cointelegraph.com\/news\/former-cftc-chair-christopher-giancarlo-crypto-bank-sygnum?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsChristopher Giancarlo, former chairman of the US Commodity Futures Trading Commission (CFTC), has joined Sygnum in an advisory role, where he will help the crypto bank navigate global&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130040"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130040"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130040\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130040"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}