Stablecoin issuer PAXOS announced that J. CHRISTOPHER GIANCARLO, former chairman of the U.S. Commodity Futures Trading Commission (CFTC), has joined its board of directors. GIANCARLO said in a statement: "It is an honor to join the PAXOS board of directors and be part of innovation in the financial sector." Previously, GIANCARLO wrote the book "CRYPTODAD: THE FIGHT FOR THE FUTURE OF MONEY" and launched the Digital Dollar Project to explore the possibility of a U.S. central bank digital currency (CBDC).