Swiss bank is fishing for the US heavyweight

The Sygnum Bank appoints the former US top officer Chris Giancarlo as Senior Policy Advisor-and thus dares to take a cautious step towards the American market.

The Swiss crypto bank Swift Get prominent US expertise to the advisory board: J. Christopher Giancarloformer chairman of the US Commodity Futures Trading Commission (CFTC), becomes Senior Policy Advisor of the Krypto Bank.

Last year he was one of the candidates in the newly created position of a “crypto-tsar” under the then freshly elected president Donald TrumpHow finews.ch reported. Ultimately, the choice fell on the former PayPal cooo David Sacks.

Swivel when it comes to US market

Giancarlo, also known as the “Crypto Dad” for his commitment in favor of digital assets before the US Congress, wants to contribute “my regulatory knowledge, networks and perspective on sygnums growth strategy” and “to promote the mission of the group, to build new regulated bridges between traditional and crypto economy on a global level”.

The appointment is remarkable because, despite the presence in Switzerland, Singapore, Abu Dhabi and Liechtenstein, Sygnum has so far been extremely reluctant compared to the US market-a market that has long been considered regulatory for crypto institutions.

Reinforcement for Hildebrand & Co.

Mathias ImbachCo-founder and group CEO of Sygnum, emphasizes Giancarlos strategic value and refers to his “deep understanding of regulation, market infrastructure and political process as well as its outstanding network in the USA”.

Giancarlo joins a top -class advisory board, which too Philipp HildebrandVice President of Blackrock, and Alexander LiptonCo-researcher and fintech entrepreneur.

The step takes place at a time when the United States may face large-scale deregulations in the crypto area.

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