PANews, May 21: According to Bloomberg, former U.S. Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo will join investment bank Jefferies Financial Group in July as a senior advisor focused on investment banking. Giancarlo previously led the CFTC’s approval of the first Bitcoin futures contracts on CBOE and CME and advocated a relatively relaxed regulatory stance toward cryptocurrencies. In recent years, Jefferies has positioned itself as a “full-stack investment bank for crypto and blockchain,” having completed approximately 14 digital asset transactions totaling around $9 billion. Since 2011, it has also executed about 100 transactions in market structure and technology, totaling approximately $141 billion. The firm currently has around 15 employees dedicated exclusively to crypto business.
Jefferies Hires Former CFTC Chair Giancarlo as Senior Advisor
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Summary
Jefferies Financial Group has hired Christopher Giancarlo, former chair of the CFTC, as a senior advisor beginning in July. Giancarlo, known for his pro-crypto stance and his role in approving the first Bitcoin futures market contracts, will support the firm’s investment banking division. Jefferies has established a full-stack crypto and blockchain investment bank, completing 14 digital asset transactions valued at $9 billion and over 100 perpetual futures and technology deals totaling $141 billion since 2011. The firm currently employs approximately 15 people in crypto-related business.
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