In January, CoinFund, founded in 2015 and one of the most prominent investors focused on blockchain technology, digital assets, decentralized finance and web 3.0, announced a new strategic adviser.
J Christopher Giancarlo, nominated a commissioner of the Commodity Futures Trading Commission (CFTC) in 2014 by president Barack Obama and then as its chairman in 2017 by president Donald Trump, will advise the venture capital firm on matters of policy.
The news comes as regulators around the world struggle to keep pace with the rapid growth of cryptocurrencies, non-fungible tokens (NFTs) and stablecoins, as well as with the increasing links between regulated financial firms with traditional investor customers and these new asset classes that first emerged on a separate, decentralized and regulatory-resistant market infrastructure.
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