Christopher Giancarlo, the former chairman of the US Commodity Futures Trading Commission (CFTC), has joined Sygnum in an advisory capacity to assist the crypto bank in dealing with worldwide regulations amidst increasing institutional interest in digital assets. Giancarlo, now a senior policy adviser at Sygnum, will provide guidance on regulations and strategic partnerships in both public and private sectors. Sygnum, known as the first digital asset bank, recently attained unicorn status after a $58 million funding round. With a focus on institutional adoption, Giancarlo's involvement comes at a crucial juncture for the global digital asset industry. The US is witnessing a surge in Bitcoin ETFs and stablecoins, with the Senate passing the GENIUS Act to potentially further institutional adoption. Despite positive growth in various regions, Sygnum's CEO cautioned that Switzerland must continue innovating to maintain its competitive edge as a crypto hub. Read more AI-generated news on: https://app.chaingpt.org/news

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