According to Odaily Planet Daily, former U.S. Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo announced that he has joined the board of directors of stablecoin issuer Paxos. Giancarlo said in a statement that Paxos has become a leader in connecting traditional and digital asset markets by launching regulated solutions that are safe for institutions and consumers, and he is honored to join the Paxos board of directors and be part of innovation in the financial field.