{"id":38300,"date":"2021-03-03T20:20:09","date_gmt":"2021-03-03T18:20:09","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38300"},"modified":"2025-08-30T03:57:25","modified_gmt":"2025-08-30T00:57:25","slug":"former-cftc-chairman-christopher-giancarlo-invests-in-blocktower-capital-crypto-fund","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/former-cftc-chairman-christopher-giancarlo-invests-in-blocktower-capital-crypto-fund\/","title":{"rendered":"Former CFTC Chairman Christopher Giancarlo Invests in BlockTower Capital Crypto Fund"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Former chair of the U.S. Commodity Futures Trading Commission (CFTC) Christopher Giancarlo, and American billionaire and investor Marc Lasry<\/span><span style=\"font-weight: 400;\"> invested an undisclosed amount in the cryptocurrency hedge fund BlockTower Capital. <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-02\/marc-lasry-chris-giancarlo-invest-in-crypto-firm-blocktower\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Bloomberg<\/span><\/a><span style=\"font-weight: 400;\"> reports.<\/span><\/p>\n<p><!--more--><\/p>\n<p><span style=\"font-weight: 400;\">Giancarlo served as head of the CFTC from 2017 to 2019. Under his leadership, the regulator<\/span> <span style=\"font-weight: 400;\">approved the trading of bitcoin futures<\/span><span style=\"font-weight: 400;\">. After leaving the post, Giancarlo<\/span> <span style=\"font-weight: 400;\">led the nonprofit organization Digital Dollar Project<\/span><span style=\"font-weight: 400;\">, which promotes the idea of issuing a national digital currency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Marc Lasry, co-founder and CEO of Avenue Capital Group, is known for his bullish outlook on Bitcoin, which he has voiced, including during the bear market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Lasry and Giancarlo confirmed the investment but declined to comment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Founded in August 2017 by Ari Paul, head of Susquehanna, and former Goldman Sachs vice president Matthew Getz, the fund focuses on investments in various cryptocurrencies and blockchain projects.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BlockTower Capital&#8217;s early backers were family offices and major venture funds, including <\/span><span style=\"font-weight: 400;\">Union Square Ventures and Andreessen Horowitz.<\/span><span style=\"font-weight: 400;\"> <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In January this year <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-buying-becomes-more-popular-than-long-tech-stock-bets\">bullish bet on Bitcoin<\/a> proved more popular than buying technology stocks, according to Bank of America in its January survey of asset managers.<\/span><\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog FEED<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The former chair of the U.S. Commodity Futures Trading Commission (CFTC), Christopher Giancarlo, and American billionaire and investor Marc Lasry invested an undisclosed amount in the cryptocurrency hedge fund BlockTower Capital. Bloomberg reports.<\/p>\n","protected":false},"author":1,"featured_media":38301,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1556,2147,1156],"class_list":["post-38300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blocktower-capital","tag-christopher-giancarlo","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=38300"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38300\/revisions"}],"predecessor-version":[{"id":38302,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38300\/revisions\/38302"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/38301"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=38300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=38300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=38300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}