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Former CFTC Chairman Resigns From BlockFi Board Of Directors After 4 Months
Summary: Christopher Giancarlo, the former chairman of the US Commodity Futures Trading Commission (CFTC), resigned from the BlockFi board after only four months. He was the first independent director of the BlockFi board and joined at the end of April. It is unclear why Giancarlo left. BlockFi issued a press release announcing that Ellen-Blair Chube has ...
Christopher Giancarlo, the former chairman of the US Commodity Futures Trading Commission (CFTC), resigned from the BlockFi board after only four months.
He was the first independent director of the BlockFi board and joined at the end of April. It is unclear why Giancarlo left.
BlockFi issued a press release announcing that Ellen-Blair Chube has joined its board of directors. Chube will succeed Giancarlo, who will continue to advise the company as a consultant.
Recently, BlockFi is facing increasing regulation pressure on its flagship product, BlockFi Interest Account (BIA). in July, several states in the United States stated that BIA accounts were unregistered securities, including New Jersey, the headquarters of BlockFi.
BlockFi told its customers that if it fails to resolve the regulatory issues in New Jersey, it may be forced to stop registering new interest accounts in "Global", and the three-delayed suspension order will take effect on September 2.
By Mary Liu
Tags: BIA,BlockFi,CFTC,Christopher Giancarlo,Regulation
Link: Former CFTC Chairman Resigns From BlockFi Board Of Directors After 4 Months [Copy]
