MOVES-Former CFTC chair takes fintech role at New York law firm

WASHINGTON, Dec 2 (Reuters) - Chris Giancarlo, who was chair of the U.S. Commodity Futures Trading Commission (CFTC) until July, has been named senior counsel to New York-headquartered law firm Willkie Farr & Gallagher, the company said in a statement on Monday.

Giancarlo was chair of the CFTC, the world’s leading derivatives regulator, from August 2017 to July this year when his five-year term expired. Before becoming chair, he served as a commissioner at the agency for three years.

Dubbed the “Crypto Dad” by his 45,000-strong Twitter following, Giancarlo emerged as a leading advocate for digital innovation in the financial markets during his tenure at the CFTC. Under his leadership, the CFTC allowed the first bitcoin futures products.

In his role at Willkie Farr & Gallagher, Giancarlo will continue to focus on digital innovation in areas such as cryptocurrencies and blockchain.

“I want to continue to help build the digital financial markets of the future,” Giancarlo wrote in an email on Monday.

“I will divide my time between assisting Willkie clients in their worldwide commercial ventures and focusing on key issues of public interest...Among other things, I will continue to advocate development of a blockchain-based digital dollar and a new American lending benchmark to replace Libor,” he added. (Reporting by Michelle Price; Editing by Lisa Shumaker)