PANews reported on May 21 that, according to Bloomberg, former Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo will join investment bank Jefferies Financial Group in July as a senior advisor focusing on investment banking. Giancarlo previously spearheaded the approval process for the first Bitcoin futures contracts on the CBOE and CME within the CFTC and championed a relatively lenient regulatory stance on crypto. Jefferies, positioned as a "full-stack investment bank for crypto and blockchain," has completed approximately 14 digital asset transactions totaling about $9 billion, and since 2011 has completed approximately 100 transactions totaling about $141 billion in market structure and technology areas. Currently, it has about 15 employees dedicated to crypto. Giancarlo stated that he will leverage his regulatory network to assist Jefferies in deepening its digital asset-related investment banking business.