In Brief
- Giancarlo written this book with context of the future of virtual currency and Calculated collateral risk of market
- ‘Cryptodad’ is the nickname of Giancarlo, which was given by CFTC’s members
Yesterday, J.Christopher Giancarlo published a book named ‘Cryptodad’, in which he talks about his fight for the future of cryptocurrency, Money, and its role in Washington DC. He had also served in the Commodity and Futures Trading Commission (CFTC) as a commissioner and after that as a chairman.
Giancarlo announced this in his latest tweet about the book on 8th September. The book title is “CryptoDad: The Fight for the Future of Money.” This prediction book title is inspired by a nickname which is given by the crypto world during his work in CFTC.
From the outer cover of the book, the passage states, “CryptoDad tells the story of Giancarlo’s oversight of the world’s first regulated market for Bitcoin derivatives, an action that ventured domestic political fallout and engendered some global derision. Yet, by braving the political risk of greenlighting the debut of Bitcoin futures, the CFTC provided regulatory certainty essential for today’s burgeoning crypto industry.”
According to Amazon, ‘CryptoDada’ will be released on October 26, 2021.
Giancarlo joined CFTC as a commissioner and in 2017, he was promoted as chairman of the commission. This time is known as a ‘Critical’ phase for the crypto market regulation formation. In 2019, Giancarlo left the commission.
Afterwards, he started work on crypto, launching the Digital Dollar Project with Accenture and Former LabCFTC leader Daniel Gorfine to examine digital currency for the U.S. Central bank. He also joined BlockFi in April and resigned after four months from its Board of Directors position.
