The former chairman of the Commodity Futures Trading Commission (CFTC) is known for his statements on cryptocurrencies. In the past, Giancarlo had made it clear that BTC and ETH are not securities. And today, he declares that cryptos define a new architecture of finance.
The statements of the “Crypto Dad”
Under tweet from Bitcoin Magazine on August 7, Christopher Giancarlo made an interesting statement about bitcoin (BTC) and crypto. Indeed, he claimed: “ We have to think of it as a new architecture of money and finance. ». It must be said that the former chairman of the Commodity Futures Trading Commission (CFTC) has become popular with his crypto theories. When he was still chairman of the CFTC, he said that bitcoin (BTC) and ether (ETH) are commodities. He said that they were not not really actions.
In addition, Christopher Giancarlo was nicknamed “Crypto Dad” after giving an impassioned speech to Congress. In this speech, he had indicated in particular that bitcoin had the merit of having led his children to be interested in finance. Later, Giancarlo indicated that XRP, just like BTC and ETH, is not not a security. Intriguingly, he was working at that time in a company in the pay of Ripple that created the XRP.
In a document they wrote together, Conrad Bahlke and Giancarlo had stated: “ Ultimately, by virtue of a fair application of the Howey test and the SEC’s currently expanding analysis, XRP should not be regulated as a security, but rather considered as a currency or a medium of exchange. ».
For Giancarlo, bitcoin (BTC) and crypto in general represent a new architecture for money and finance. This statement comes after several years spent claiming that BTC, ETH and XRP are not very safe.
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Far from having cooled my ardor, an unsuccessful investment in 2017 on a cryptocurrency only increased my enthusiasm. I therefore resolved to study and understand the blockchain and its many uses and to relay information related to this ecosystem with my pen.