Regulation News

The Crypto Space Now Has a Step-Father

As of July 15th, CFTC Chairman Christopher Giancarlo stepped down at his position and Dr. Heath Tarbert replaced him. This is a sad day for the entire cryptocurrency space as Christopher Giancarlo was nicknamed CryptoDad for his pro-cryptocurrency words and actions.

Dr. Heath Tarbert has taken over for Christopher Giancarlo, a.k.a. CryptoDad, as CFTC Chairman. While we are all sad that he is leaving, it is inevitable that eventually, that would become the reality. 

“Chris deserves great credit for his hard work and service leading the CFTC. Thanks to his efforts, this Commission is positioned better to tackle the challenges we face today and into the future.” – Chairman Tarbert

Christopher Giancarlo will always be remembered for his explanation of the HODL mentality during the US Senate Committee on Banking in February 2018 (watch the full testimony here).

SEC Commissioner Hester Peirce joined the crowd thanking the former Chairman by posting a funny but sincere tweet to her comrade by saying she is now “a single Mom.”

We thank you for all of your work and wish you the very best in the future!

Here are a few of the things Christopher Giancarlo has done for the cryptocurrency space:

https://www.altcoinbuzz.io/crypto-news/regulations/cftc-chairman-defends-cryptocurrency-markets-and-calls-for-the-cooperation-of-the-us-and-european-regulators/

https://www.altcoinbuzz.io/crypto-news/regulations/cryptodad-speaks-on-bitcoin-btc-regulation-and-is-he-retiring/

https://www.altcoinbuzz.io/crypto-news/regulations/cftc-believes-it-is-years-behind-on-blockchain/

Source: altcoinbuzz.io
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