Former chairman of the U.S. Commodity Futures Trading Commission (CFTC) Christopher Giancarlo left the board of crypto-lending platform BlockFi four months after his appointment.
The vacant seat will be filled by Ellen Blair Chube, who had served as managing director of client services at the investment bank William Blair. Giancarlo will continue to work with the lending platform as an adviser.
BlockFi looks to a bright future and leadership in the sector. Crypto assets play a more prominent role in the strategies of both retail and institutional investors — said the former official.
BlockFi reiterated that it would continue to engage in close dialogue with regulators and reiterated its stance.
We firmly believe that the BIA is a legal instrument and suitable for investors. We will continue to fight for consumers’ right to earn interest on their assets, the document states.
In addition to the New Jersey Bureau of Securities, regulators Alabama, Texas and Vermont also filed similar claims against BlockFi.
Earlier, BlockFi said it planned to close a funding round at a valuation of $4.75 billion and, after 12-18 months, go public via an IPO.
Follow ForkLog news on VK!