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Former U.S. CFTC Chairman Invests In Crypto Asset & Blockchain Firm.

Leading hedge-fund manager & sports-team co-owner Marc Lasry & former United States CFTC [Commodity Futures Trading Commission] Chairman Christopher Giancarlo have taken stakes in renowned cryptocurrency and blockchain investment firm BlockTower Capital, in line with an official report by Bloomberg.

However, at the reporting time, the Financial terms weren’t disclosed.

While Lasry heads investment firm Avenue Capital, his stake is on his own behalf, Bloomberg added citing people conversant in the matter. Lasry is additionally co-owner of the Milwaukee Bucks, a National Basketball Association team.

Giancarlo, who has also been an executive at swaps brokerage GFI Group, was referred to as “crypto dad” within his tenure as CFTC head from 2017 to 2019. He is also the co-founder of the Digital Dollar Foundation.

Giancarlo confirmed the investment news but however declined for additional comments, Bloomberg explained.

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