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Billionaire Lasry, Ex-CFTC Head Giancarlo Invest in Crypto Firm BlockTower
Giancarlo confirmed the investment but declined to comment further, the report said.
Updated Sep 14, 2021, 12:20 p.m. Published Mar 2, 2021, 11:21 p.m.
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Hedge-fund manager and sports-team co-owner Marc Lasry and former U.S. Commodity Futures Trading Commission Chairman Christopher Giancarlo have taken stakes in crypto-asset and blockchain investment firm BlockTower Capital, Bloomberg reported.
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- Financial terms weren't disclosed.
- While Lasry heads investment firm Avenue Capital, his stake is on his own behalf, Bloomberg said citing people familiar with the matter. Lasry is also co-owner of the Milwaukee Bucks, a National Basketball Association team.
- Giancarlo, who has also been an executive at swaps brokerage GFI Group, was known as “Crypto Dad” during his tenure as CFTC head from 2017-2019. He is co-founder of the Digital Dollar Foundation.
- Giancarlo confirmed the investment but declined to comment further, Bloomberg said.
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