Crypto Dad Giancarlo Excludes SEC Job Rumors: &#039, I’ve Now Cleaned Up Gensler Mess&#039,

The speculation that J. Christopher Giancarlo, who is affectionately known as” Crypto Dad,” will take over as SEC head is unfounded.

On Thursday, &nbsp, the former Chair of the U. S. Commodity Futures Trading Commission ( CFTC ) took to X to deny reports he was seeking the agency’s top job.

” I’ve made clear that I’ve already cleaned up an earlier Gary Gensler ]’s ] mess”, he said. ” ]I ] Do n’t want to have to do it again”.

He even pushed up against stories he was seeking” some crypto position” within the U. S. Treasury Department, claiming they were “also wrong”.

The excitement about Giancarlo’s possible return to a regulation part comes amidst guesswork of a shake-up at the SEC following Donald Trump’s re-election, with Gary Gensler’s position as president hanging in the balance.

Giancarlo joined the CFTC in June 2014 as director, taking over the position immediately after Gensler left as CFTC couch.

He was a prominent figure in the blockchain community as he campaigned for crypto development during his time in office, earning the name” Crypto Dad.” &nbsp,

In January 2020, he co-founded the Digital Dollar Project to encourage discussions about the potential of “digital financial advances.”

Giancarlo has maintained that central bank digital currencies ( CBDCs ) are not the only path forward, noting that” crypto, CBDCs, stablecoins, and more” is the global future.

Donald Trump, the Republican party’s electorate’s most recent victory in January, has pledged to oppose any upcoming CBDC plan.

Trump has even promised to replace the current SEC head, whose name will run until 2026, making it possible for Gensler to leave. &nbsp,

Other applicants for cryptography include SEC Commissioners Hester Peirce and former Binance candidate Mark Uyeda. Giancarlo is not the only title being feigned. US CEO Brian Brooks, and people.

In a statement on Thursday at the 56th Annual Institute on Securities Regulation, Gensler, a controversial figure in the crypto room, made an ominous prediction about leaving. &nbsp,

At the end of the conversation, he stated,” It’s been a great honor to serve with them, doing the person’s function, and ensuring that our investment markets remain the best in the world”, referring to his SEC acquaintances. &nbsp,

This year, 18 states filed a complaint against the SEC for overreaching its expert on crypto regulations, which is an all-time high.

Filed Thursday, the suit alleges that under Gensler’s command, the SEC consciously bypassed regular processes and withheld new crypto regulations to follow a “regulatory area grab”.