ExCFTC Chairman Chris Giancarlo Joins Board of Directors of Crypto Firm Paxos

J. Christopher Giancarlo, the former chair of the United States Commodity Futures Trading Commission (CFTC) and widely recognized as ‘Crypto Dad,’ has joined the board of directors at crypto firm Paxos.

In a May 14 announcement, Paxos stated that Giancarlo’s appointment is part of the company’s efforts to expand within regulated crypto markets and advance stablecoin innovation.

Paxos is known for its US dollar-pegged Pax Dollar (USDP) and for issuing PayPal’s stablecoin. “Paxos’s commitment to compliance and dedication to building a more efficient and inclusive financial system resonate deeply with me,” Giancarlo said.

“I look forward to leveraging my expertise to help guide Paxos as it continues to revolutionize traditional finance.” Giancarlo served as a commissioner at the CFTC from 2013 to 2017 and as chair from 2017 to 2019.