CoinFund, a leading crypto asset manager, announces that President and Managing Partner Chris Perkins, has been appointed as a representative member on the Commodity Futures Trading Commission (CFTC)’s Global Markets Advisory Committee (GMAC). CoinFund will be among the first cryptonative financial institutions represented on the GMAC, joining representatives from traditional finance players such as J.P. Morgan, Goldman Sachs, and BlackRock.
“Now more than ever, the crypto industry needs to be engaged with regulators, policy makers, and related stakeholders,” said Chris Perkins. “The industry needs transparent, predictable, and principles-based regulations that empower entrepreneurs to innovate onshore, protect investors, thoughtfully manage risk, and acknowledge the differences between centralized and decentralized finance. As policy makers and regulators intensify their focus on enabling responsible innovation across the space, our representative membership on the GMAC will be crucial to ensure that regulators appreciate the generational opportunity that web3 presents.”
With today’s appointment, CoinFund alongside Stellar and Uniswap will be the first cryptonative firms to join GMAC. As one of five active advisory committees overseen by the CFTC, the GMAC’s role is to provide advice to the CFTC on issues that affect the integrity and competitiveness of US markets and US firms engaged in global business. This includes providing recommendations on how to improve domestic and international regulatory structures. CoinFund’s representation on the GMAC is indicative of the increasing regulatory interest in cryptocurrencies by the CFTC and other regulators in the US and abroad.
“Regulatory clarity and effective policy within web3 are a crucial step towards US competitiveness in the global markets for technology innovation. Chris’ membership on the Global Markets Advisory Committee is another step in CoinFund’s commitment to productive engagement with regulators and policymakers, as well as an attempt to give a voice to our portfolio of over 100 companies in the space,” said Jake Brukhman, CEO and Managing Partner of CoinFund. “Our position as one of the first cryptonative financial institutions on the GMAC, coupled with our recent appointment of Chris Giancarlo, the former CFTC Chair, as a Strategic Advisor exhibits our commitment to crypto regulation and policy.”
Speaking in June, CFTC Commissioner Caroline D. Pham said, “The GMAC will focus on firms’ global business strategy and operations and the markets that are needed to support growth and effective risk management. It is an international forum for executive leaders from both the public and private sectors to come together and create a shared vision for the future of markets […] I’m so pleased at the number of successful executives who have built leading global firms and are willing to take the time to serve and now build the future of markets in addition to running their businesses. With their insights and those of others, the GMAC will truly be a driver for growth and progress.”
About Chris Perkins
Christopher serves as Managing Partner and President of CoinFund. Prior to joining CoinFund, Chris served as Global Co-Head of Futures, Clearing, and Foreign Exchange Prime Brokerage (FXPB) businesses at Citi. In this capacity, he was responsible for delivering leading listed derivative electronic and voice execution, comprehensive central clearing and #1 ranked OTC Clearing and FXPB services to top institutional clients. Appointed as the Global Head of FXPB in 2018, he worked closely with numerous global regulators to architect and execute a comprehensive restructuring and integration plan across multiple geographies.
Prior to joining Citi in 2008, Chris served as the U.S. Head of Derivatives Intermediation at Lehman Brothers.
An Iraq war veteran, Chris served in the U.S. Marine Corps for nine years achieving the rank of Captain. Chris is the co-founder of Veterans in Digital Assets and Veterans on Wall Street, national initiatives focused on veterans employment and empowerment. Mr. Perkins has a Bachelor of Science Degree from the U.S. Naval Academy, with distinction, and a Master of Arts Degree in National Security Studies from Georgetown University.
CoinFund is a web3 and crypto-focused investment firm and registered investment adviser founded in 2015. The firm invests in seed, venture, and liquid opportunities within the blockchain sector with a focus on digital assets, decentralization technologies, and key enabling infrastructure. The CoinFund team has studied and supported the development of the blockchain space from the inception of the first decentralized networks and come from diverse backgrounds in investing, engineering, law, and decentralized protocols. For more information, including a list of portfolio companies, please visit our website at coinfund.io.