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CoinFund CEO Chris Perkins has been appointed to the CFTC GMAC

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Chris Perkins, CEO of CoinFund, is now a member of the Global Markets Advisory Committee (GMAC) of the US Commodity Futures Trading Commission (CFTC). Perkins’ appointment places CoinFund among the first cryptocurrency-focused firms to be represented at GMAC.

Chris Perkins joins the CFTC’s GMAC

CoinFund, an original cryptocurrency investment firm and registered investment advisor, has announced the appointment of Chris Perkins, its President and Managing Partner, as a representative to the Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee (GMAC).

With Perkins’ appointment, the New York-based investment advisory firm became one of the first Web3 ventures to join GMAC, putting its name among the growing list of established TradFi market participants such as JP Morgan, Goldman Sachs, BlackRock, and others.

“The industry needs transparent, predictable, and principled regulations that enable entrepreneurs to innovate at the local level, protect investors, carefully manage risk, and recognize the differences between centralized finance (CeFi) and decentralized finance (DeFi). As policymakers and regulators intensify their focus on enabling responsible innovation across the industry, our representative membership of the GMAC will be critical to ensuring that authorities appreciate the generational opportunity that Web3 provides.”

Chris Perkins, CFTC’s GMAC member

Perkins is a Georgetown graduate and Marine Corps veteran who claims to have a passion for building entrepreneurs, innovating, and working closely with entrepreneurs.

For starters, one of the primary goals of GMAC is to craft ways to improve the regulatory structures of both the U.S. and international financial markets in a way that promotes consumer protection and responsible innovation.

Commenting on his appointment to GMAC, Perkins reiterated that recent dark events in the industry have made it more important than ever that crypto projects engage with regulatory oversight bodies.

In other news, the Bank for International Settlements (BIS) has outlined three main approaches that regulators can take to reduce risks in the cryptocurrency market.

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