#CryptoDad CFTC Chairman Plugs that Friday FOMO feeling
He is at it again!
Giancarlo earned his accolade as Crypto Dad in the crypto community after his opening speech in the SEC Commission on virtual currencies. Drawing upon his own experience as a father of children highly excited by virtual currencies, the former business executive called for an open-minded strategy and fair regulation.
Since the speech he has adopted the name, inserting #CryptoDad into his official Twitter biography and earning the love of a large part of the cryptocurrency community.
Giancarlo is immediately likable — and not just from his beaming profile pic and innovative attitude towards distributed ledger technology. His use of language on the official CFTC account, which could only be described as 'down with the kids', sets him apart from what most people would expect from a financial regulation official. It's fresh, funny, and we can not get enough of it.
Like any great daddy however, Giancarlo knows how to balance humor with sound advice. Earlier this month investors were warned to watch out for pump and dump scams rather than blindly follow hints from social media or jump on sudden price spikes. Instead customers should:
«Thoroughly research virtual currencies, electronic coins, tokens, and the companies or entities behind them in order to separate hype from facts.»
This was the message behind the humor of today's post also, with the tweet linking to a government record providing information for investors interested in virtual currencies.
Having a cryptocurrency enthusiast among the greatest levels of regulators is a massive advantage for developing blockchain technologies — also must be a bullish indication for prices. Not only will Giancarlo fight our corner against strong regulations, his presence is promoting awareness and understanding. It's likely we'll see more institutional investors with deep pockets, in addition to members of the public looking to get involved with crypto on the Chairman's recommendation. The notion of crypto as the technology of our future — a gift we have to protect for our children, is a huge step away from what many still see as the offender currency of the dark net.
Giancarlo will serve until April 2019 and so we've at least another year of protection against the crypto dad. By there cryptocurrencies will likely have grown hugely, possibly able to scale into mainstream adoption. The technology might be hugely more popular — socially accepted as a superior payment system.
If we get there, we might well look back and realize we have the crypto father to thank for it. As a guardian of the technology in its vulnerable infancy, Giancarlo could decrease in crypto history. This is to you, crypto dad!