Former CFTC Chairman Giancarlo Hired by Jefferies as Senior Advisor

Odaily Planet Daily News: Former U.S. Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo will join investment bank Jefferies Financial Group in July as a senior advisor focusing on investment banking. During his tenure, Giancarlo spearheaded the approval of CBOE and CME to list the first Bitcoin futures contracts. He maintained a relatively lenient stance on crypto regulation and is known in the industry as "CryptoDad."

In recent years, Jefferies has positioned itself as a "full-stack crypto and blockchain investment bank," having completed approximately 14 digital asset transactions totaling around $9 billion. Since 2011, it has completed about 100 transactions in market structure and technology, totaling roughly $141 billion. Currently, around 15 employees focus on crypto business. Giancarlo stated that he will leverage his regulatory network to help Jefferies deepen its investment banking business layout related to digital assets. (Bloomberg)