According to Odaily, J. Christopher Giancarlo, former Chairman of the U.S. Commodity Futures Trading Commission (CFTC), has announced his appointment to the board of stablecoin issuer Paxos. In a statement, Giancarlo expressed his honor to join the Paxos board and be a part of innovation in the financial sector. He praised Paxos for its role as a leader in bridging traditional and digital asset markets by introducing regulated solutions that ensure safety for institutions and consumers.