Rumors swirling around the possibility of Chris Giancarlo stepping into the role of Securities and Exchange Commission (SEC) chair have been denied by the man himself.
Giancarlo, fondly known as “Crypto Dad” for his blockchain advocacy, has clarified that he has no intention of taking over for Gary Gensler, the current head of the SEC.
In a post shared on X on Nov. 14, Giancarlo remarked, “As for reports that I'm in mix to run the SEC, I’ve made clear that I’ve already cleaned up earlier Gary Gensler mess in the CTFC and don’t want to have do it again”. His statement references his tenure as chair of the Commodity Futures Trading Commission (CFTC), where he managed the agency following Gensler’s exit.
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He quashed any speculation about his interest in other government roles, adding:
Rumors that I’m interested in some crypto role at the US Treasury are also wrong.
The moniker “Crypto Dad” stems from Giancarlo’s consistent championing of blockchain innovation and digital currencies. Among his contributions is co-founding Digital Dollar Project, which focuses on advancing discussions and research around developing a central bank digital currency (CBDC) for the United States.
The rumors surrounding Giancarlo’s potential role at the SEC gained traction among growing speculation about Gensler’s future. This discussion intensified following Donald Trump’s presidential election win and his declaration to dismiss Gensler immediately upon taking office.
In other news, Senate Leader John Thune has emerged as a key supporter of advancing US crypto regulation. Will Thune's support drive change? Read the full story.
