Jefferies hires former CFTC chairman "Crypto Daddy" Giancarlo as senior advisor.

CoinFeed reported on May 21 that, according to Bloomberg, former Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo will join investment bank Jefferies Financial Group in July as a senior advisor focusing on investment banking. Giancarlo spearheaded the approval process for the first Bitcoin futures contracts on the CBOE and CME within the CFTC and championed a relatively lenient stance on crypto regulation. Jefferies has positioned itself as a "full-stack investment bank for crypto and blockchain" in recent years, having completed approximately 14 digital asset transactions totaling about $9 billion. Since 2011, it has also completed approximately 100 transactions totaling about $141 billion in market structure and technology areas. Currently, it has about 15 employees dedicated to crypto operations.