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.
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe – We publish new crypto explainer videos every week!
Is Decentralized Anonymous Blockchain a Myth? (Explained!)
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.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
