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11 episodes with chris giancarlo
3 episodes with chris giancarlo
2 episodes with chris giancarlo
2 episodes with chris giancarlo
2 episodes with chris giancarlo
2 episodes with chris giancarlo
2 episodes with chris giancarlo
2 episodes with chris giancarlo
2 episodes with chris giancarlo
The Department of Government Efficiency touts its $65 billion savings to taxpayers after only a month into President Donald Trump's second term. The president and Elon Musk are working to save the American people even more money by cutting the federal workforce further. Democrats are pushing back at DOGE's access to federal agencies, but Republicans say they are just keeping the president's campaign promises. Chairman of the Republican National Committee Michael Whatley joins the Rundown to share what DOGE is doing and what to expect leading up to 2026. Hackers pulled off the biggest crypto heist in history, stealing $1.5 billion in digital currency from the major cryptocurrency exchange, Bybit. Analysts believe they've connected the attack to the North Korean state-sponsored cybercriminal organization, The Lazarus Group. Bybit CEO Ben Zhou confirmed his company has fully restored the stolen cryptocurrency in their reserves through loans from other crypto firms. Former Chairman of the Commodities Future Trading Commission and author of CryptoDad, Chris Giancarlo, joins to explain how the crypto hack occurred. Plus, commentary from presidential historian and author of The Power and the Money, Tevi Troy. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices
The Department of Government Efficiency touts its $65 billion savings to taxpayers after only a month into President Donald Trump's second term. The president and Elon Musk are working to save the American people even more money by cutting the federal workforce further. Democrats are pushing back at DOGE's access to federal agencies, but Republicans say they are just keeping the president's campaign promises. Chairman of the Republican National Committee Michael Whatley joins the Rundown to share what DOGE is doing and what to expect leading up to 2026. Hackers pulled off the biggest crypto heist in history, stealing $1.5 billion in digital currency from the major cryptocurrency exchange, Bybit. Analysts believe they've connected the attack to the North Korean state-sponsored cybercriminal organization, The Lazarus Group. Bybit CEO Ben Zhou confirmed his company has fully restored the stolen cryptocurrency in their reserves through loans from other crypto firms. Former Chairman of the Commodities Future Trading Commission and author of CryptoDad, Chris Giancarlo, joins to explain how the crypto hack occurred. Plus, commentary from presidential historian and author of The Power and the Money, Tevi Troy. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices
The Department of Government Efficiency touts its $65 billion savings to taxpayers after only a month into President Donald Trump's second term. The president and Elon Musk are working to save the American people even more money by cutting the federal workforce further. Democrats are pushing back at DOGE's access to federal agencies, but Republicans say they are just keeping the president's campaign promises. Chairman of the Republican National Committee Michael Whatley joins the Rundown to share what DOGE is doing and what to expect leading up to 2026. Hackers pulled off the biggest crypto heist in history, stealing $1.5 billion in digital currency from the major cryptocurrency exchange, Bybit. Analysts believe they've connected the attack to the North Korean state-sponsored cybercriminal organization, The Lazarus Group. Bybit CEO Ben Zhou confirmed his company has fully restored the stolen cryptocurrency in their reserves through loans from other crypto firms. Former Chairman of the Commodities Future Trading Commission and author of CryptoDad, Chris Giancarlo, joins to explain how the crypto hack occurred. Plus, commentary from presidential historian and author of The Power and the Money, Tevi Troy. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices
Are we witnessing the biggest financial revolution of our time? In this episode of The Wolf Of All Streets, we dive deep into the future of crypto, blockchain, and financial innovation with former CFTC Chairman Chris Giancarlo and fintech expert Luke Giancarlo. From the impact of central bank digital currencies (CBDCs) to the rise of tokenization, this conversation will challenge everything you think you know about the next phase of money. If you care about the future of finance, you don't want to miss this one! Chris Giancarlo: https://x.com/giancarlomkts Luke Giancarlo: https://x.com/lukegiancarlo ►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEKDAY!
Former CFTC Chairman Chris Giancarlo joined me to discuss Crypto's major victory and his outlook for 2025 and beyond.Topics: - Pro Crypto Government - Trump, Congress, SEC - David Sacks and the “Golden Age for Digital Assets” - Crypto 2025 Outlook - Will Crypto legislation get passed this year? - Will Brian Quintenz be the next CFTC chair? - Stablecoin Legislation and Senator Hagerty's Bill - Bitcoin Reserve - Memecoins https://www.amazon.com/CryptoDad-Future-J-Christopher-Giancarlo/dp/111985508X Show Sponsor -
Fires continue to rage in California as politicians are pointing fingers at who is responsible for the mismanagement of resources that could have helped prevent the blazes across Los Angeles County. Meanwhile, in the nation's capital, the Supreme Court is weighing the future of the ownership of TikTok, deciding on a bill that President Biden passed that said the parent company, Chinese-operated ByteDance, must divest from the social media company. FOX News Sunday anchor and host of the Livin' The Bream podcast, Shannon Bream, joins the Rundown to discuss the political fallout of the California wildfires, how the legal battle over TikTok could play out, and previews who she will have on FOX News Sunday. Cryptocurrency continues to be all the rage, with Bitcoin more than doubling in the past year. Even with all the buzz surrounding crypto and President-elect Donald Trump pledging to make the US the "crypto-capitol of the planet," many don't understand exactly what it is. Chris Giancarlo, Former Chairman of the Commodities Future Trading Committee and author of Cryptodad: The Fight For The Future Of Money joins special guest host Dana Perino to explain in simple terms: what is Bitcoin, and how does it work? Don't miss the good news with Tonya J. Powers. Plus, commentary from former California State Assemblyman and Chief National Initiatives Officer at the Texas Public Policy Foundation, Chuck DeVore. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices
Fires continue to rage in California as politicians are pointing fingers at who is responsible for the mismanagement of resources that could have helped prevent the blazes across Los Angeles County. Meanwhile, in the nation's capital, the Supreme Court is weighing the future of the ownership of TikTok, deciding on a bill that President Biden passed that said the parent company, Chinese-operated ByteDance, must divest from the social media company. FOX News Sunday anchor and host of the Livin' The Bream podcast, Shannon Bream, joins the Rundown to discuss the political fallout of the California wildfires, how the legal battle over TikTok could play out, and previews who she will have on FOX News Sunday. Cryptocurrency continues to be all the rage, with Bitcoin more than doubling in the past year. Even with all the buzz surrounding crypto and President-elect Donald Trump pledging to make the US the "crypto-capitol of the planet," many don't understand exactly what it is. Chris Giancarlo, Former Chairman of the Commodities Future Trading Committee and author of Cryptodad: The Fight For The Future Of Money joins special guest host Dana Perino to explain in simple terms: what is Bitcoin, and how does it work? Don't miss the good news with Tonya J. Powers. Plus, commentary from former California State Assemblyman and Chief National Initiatives Officer at the Texas Public Policy Foundation, Chuck DeVore. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices
Fires continue to rage in California as politicians are pointing fingers at who is responsible for the mismanagement of resources that could have helped prevent the blazes across Los Angeles County. Meanwhile, in the nation's capital, the Supreme Court is weighing the future of the ownership of TikTok, deciding on a bill that President Biden passed that said the parent company, Chinese-operated ByteDance, must divest from the social media company. FOX News Sunday anchor and host of the Livin' The Bream podcast, Shannon Bream, joins the Rundown to discuss the political fallout of the California wildfires, how the legal battle over TikTok could play out, and previews who she will have on FOX News Sunday. Cryptocurrency continues to be all the rage, with Bitcoin more than doubling in the past year. Even with all the buzz surrounding crypto and President-elect Donald Trump pledging to make the US the "crypto-capitol of the planet," many don't understand exactly what it is. Chris Giancarlo, Former Chairman of the Commodities Future Trading Committee and author of Cryptodad: The Fight For The Future Of Money joins special guest host Dana Perino to explain in simple terms: what is Bitcoin, and how does it work? Don't miss the good news with Tonya J. Powers. Plus, commentary from former California State Assemblyman and Chief National Initiatives Officer at the Texas Public Policy Foundation, Chuck DeVore. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices
✔ Sources: ► https://www.bankinfosecurity.com/trumps-crypto-plans-raise-alarms-over-conflicts-interest-a-26931 ► https://www.finews.com/news/english-news/65410-trump-administration-st-moritz-insider-eyed-as-crypto-czar-donald-trump-chris-giancarlo-cfc ► https://en.wikipedia.org/wiki/J._Christopher_Giancarlo ► https://en.wikipedia.org/wiki/Dodd%E2%80%93Frank_Wall_Street_Reform_and_Consumer_Protection_Act ► https://en.wikipedia.org/wiki/Brian_P._Brooks ► https://x.com/hoskytoken/status/1855388712789799000 ► https://x.com/IOHK_Charles/status/1859312190219862175 Timestamps: 00:00 - Intro 01:03 - first possible candidate for crypto czar IOHK Charles Hoskinson 02:17 - Candidate number 2, Brian Armstrong? 03:47 - other industries larger than crypto don't have czars what's so special? 04:09 - What happened to industries in the past when a czar has been assigned? 04:29 - Candidate number 3 Brian brooks 05:00 - Candidate 4 Chris Giancarlo, could this be the top pick? 07:26 - Who do i think it will be? 07:35 - What does this all mean for your bitcoin stack? #Bitcoin #crypto #cryptocurrency #dailybitcoinnews The information provided by Pleb Underground ("we," "us," or "our") on Youtube.com (the "Site") our show is for general informational purposes only. All information on the show is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information on the Site. UNDER NO CIRCUMSTANCE SHALL WE HAVE ANY LIABILITY TO YOU FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF THE SHOW OR RELIANCE ON ANY INFORMATION PROVIDED ON THE SHOW. YOUR USE OF THE SHOW AND YOUR RELIANCE ON ANY INFORMATION ON THE SHOW IS SOLELY AT YOUR OWN RISK.
Almost four years ago to the day, Bitcoin experienced a dramatic 17% plunge from $19,500 to $16,200 in 2020, an event that became infamously known as the “Thanksgiving Day Massacre.” As the holiday approaches once again, market participants are questioning whether history might repeat itself.~This episode is sponsored by iTrust Capital~iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaul00:00 Intro00:08 Sponsor: iTrust Capital00:45 What happened to the Fed pivot?01:38 Busy day tomorrow, could we crash?02:10 Thanksgiving stats03:30 Is this time different?06:52 Stablecoin trading surges in November08:06 CFTC to lead digital assets08:35 Chris Giancarlo on Trumps pro-crypto stance10:15 Hashex Nasdaq Crypto Index US ETF - Avalanche ETF soon?12:18 Bitwise Launching XRP ETF in Europe13:17 Outro#bitcoin #crypto #ethereum~Thanksgiving Pump or Dump?
The future of money – Chris Giancarlo on how the Digital Dollar Project's will revolutionize global finance on today's show. Plus, kids in Harlem are getting free money. Tune in now! #DigitalDollar #CryptoDad #FinanceRevolution #ChrisGiancarlo #GlobalEconomy #USLeadership #FinancialLiteracy #SupportEducation #CommunityImpact #YouthSuccess ----- Subscribe to podcast updates: https://form.jotform.com/223614751580152 Ask Ric: https://www.thetayf.com/pages/ask-ric ----- Links from today's show: Become Certified in Blockchain and Digital Assets: https://dacfp.com/certification/ Edelman Scholars Program: https://ccca.rowan.edu/current_students/edelmanscholars.html Harlem Children's Zone: https://hcz.org/ CryptoDad website: https://www.chrisgiancarlo.org/ Digital Dollar Project website: https://digitaldollarproject.org/ ----- Follow Ric on social media: Facebook: https://www.facebook.com/RicEdelman Instagram: https://www.instagram.com/ric_edelman/ LinkedIn: https://www.linkedin.com/in/ricedelman/ X: https://twitter.com/ricedelman YouTube: https://www.youtube.com/@RicEdelman ----- Brought to you by: Invesco QQQ: https://www.invesco.com/qqq-etf/en/home.html Schwab: https://www.schwab.com/ Disclosure page: https://www.thetayf.com/pages/sponsorship-disclosure-fee -----
Former CFTC chair Chris Giancarlo and his former chief innovation officer Daniel Gorfine say the US is falling behind in the crypto race, but could use stablecoins—and a CBDC—to protect its interests.Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.In this episode, Laura Shin speaks with former CFTC chairman Chris Giancarlo and former CFTC chief innovation officer Daniel Gorfine on the pressing need for the U.S. to safeguard the dollar. They explain why they believe the future of regulation is the government operating nodes on blockchains rather than regulating intermediaries, why even private USD stablecoins will want a USD central bank digital currency, and how China might export the technology behind the digital yuan—and its surveillance capabilities—to other countries. They also touch on how the upcoming U.S. elections could influence crypto policy, why stablecoins are more than just trading instruments, and what the U.S. must do to maintain its financial leadership. Show highlights:How governments should embrace blockchain technology to become better at its job, according to ChrisHow the financial system needs to change for the younger generationsWhether the U.S. is losing ground in terms of innovationWhy Daniel thinks stablecoins are much more than a trading instrument for cryptoWhy Daniel believes that the U.S. is making the regulation of stablecoins “far more complicated than it needs to be”How Singapore is already giving licenses to USD stablecoin issuersWhether the dollar should be trademarked to protect itHow Tether has become one of the most profitable companies per employee in history without being under U.S. jurisdictionWho should be the next chair of the SEC and the need to regulate DeFi in order for it to become mainstreamWhy Daniel thinks that some of the criticism of the FIT21 bill “doesn't hold water”Why Chris believes that China is lying about not intending to export the technology behind the digital yuanWhether algorithmic stablecoins should be banned, as proposed in the Lummis-Gillibrand billVisit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.comFirst Bits + Bips episode: Bits + Bips: Does Macroeconomics Point to a Potential Crypto Supercycle?Thank you to our sponsors!PolkadotVaultCraftGuests:Chris Giancarlo, Former Chairman of the US Commodity Futures Trading Commission, author of CryptoDadForbes: ‘Elizabeth Warren's Anti-Crypto Wing Is A Shrinking Iceberg', Says Former Top RegulatorFoxBusiness Interview: Elizabeth Warren and others have declared war on cryptocurrency: Chris GiancarloOp-ed in the FT Banking Risk & Regulation: Can CBDCs be made safe for democracy?Daniel Gorfine, Founder & CEO of boutique advisory firm Gattaca Horizons, former Chief Innovation Officer at the U.S. CFTC, and adjunct professor at the Georgetown University Law CenterOpinion: Stablecoin and other digital assets are falsely framed as a choice between personal privacy and national security. We can have both. - MarketWatchBuilding digital infrastructure for the future of financeLinksStablecoins:Stablecoins Are Defense Tech by Morgan Beller Unchained: Opinion: Regulated Dollar Stablecoins Created by a Proposed New Senate Bill Would be Crypto's Ultimate Trojan Horse Tether's Record $4.5 Billion Q1 Profit Highlights Its Dominance of the Stablecoin IndustrySAB 121Unchained: President Biden Vetoes SAB121 RepealFIT21Unchained: FIT21 Bill Heads to The Senate: Should We Really Be Excited?Spot Ether ETFsUnchained: Analysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a SecurityUnchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In this episode, Laura Shin speaks with former CFTC chairman Chris Giancarlo and former CFTC chief innovation officer Daniel Gorfine on the pressing need for the U.S. to safeguard the dollar. They explain why they believe the future of regulation is the government operating nodes on blockchains rather than regulating intermediaries, why even private USD stablecoins will want a USD central bank digital currency, and how China might export the technology behind the digital yuan—and its surveillance capabilities—to other countries. They also touch on how the upcoming U.S. elections could influence crypto policy, why stablecoins are more than just trading instruments, and what the U.S. must do to maintain its financial leadership. Show highlights: How governments should embrace blockchain technology to become better at its job, according to Chris How the financial system needs to change for the younger generations Whether the U.S. is losing ground in terms of innovation Why Daniel thinks stablecoins are much more than a trading instrument for crypto Why Daniel believes that the U.S. is making the regulation of stablecoins “far more complicated than it needs to be” How Singapore is already giving licenses to USD stablecoin issuers Whether the dollar should be trademarked to protect it How Tether has become one of the most profitable companies per employee in history without being under U.S. jurisdiction Who should be the next chair of the SEC and the need to regulate DeFi in order for it to become mainstream Why Daniel thinks that some of the criticism of the FIT21 bill “doesn't hold water” Why Chris believes that China is lying about not intending to export the technology behind the digital yuan Whether algorithmic stablecoins should be banned, as proposed in the Lummis-Gillibrand bill Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com First Bits + Bips episode: Bits + Bips: Does Macroeconomics Point to a Potential Crypto Supercycle? Thank you to our sponsors! Polkadot VaultCraft Guests: Chris Giancarlo, Former Chairman of the US Commodity Futures Trading Commission, author of CryptoDad Forbes: ‘Elizabeth Warren's Anti-Crypto Wing Is A Shrinking Iceberg', Says Former Top Regulator FoxBusiness Interview: Elizabeth Warren and others have declared war on cryptocurrency: Chris Giancarlo Op-ed in the FT Banking Risk & Regulation: Can CBDCs be made safe for democracy? Daniel Gorfine, Founder & CEO of boutique advisory firm Gattaca Horizons, former Chief Innovation Officer at the U.S. CFTC, and adjunct professor at the Georgetown University Law Center Opinion: Stablecoin and other digital assets are falsely framed as a choice between personal privacy and national security. We can have both. - MarketWatch Building digital infrastructure for the future of finance Links Stablecoins: Stablecoins Are Defense Tech by Morgan Beller Unchained: Opinion: Regulated Dollar Stablecoins Created by a Proposed New Senate Bill Would be Crypto's Ultimate Trojan Horse Tether's Record $4.5 Billion Q1 Profit Highlights Its Dominance of the Stablecoin Industry SAB 121 Unchained: President Biden Vetoes SAB121 Repeal FIT21 Unchained: FIT21 Bill Heads to The Senate: Should We Really Be Excited? Spot Ether ETFs Unchained: Analysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a Security Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode, Laura Shin speaks with former CFTC chairman Chris Giancarlo and former CFTC chief innovation officer Daniel Gorfine on the pressing need for the U.S. to safeguard the dollar. They explain why they believe the future of regulation is the government operating nodes on blockchains rather than regulating intermediaries, why even private USD stablecoins will want a USD central bank digital currency, and how China might export the technology behind the digital yuan—and its surveillance capabilities—to other countries. They also touch on how the upcoming U.S. elections could influence crypto policy, why stablecoins are more than just trading instruments, and what the U.S. must do to maintain its financial leadership. Show highlights: How governments should embrace blockchain technology to become better at its job, according to Chris How the financial system needs to change for the younger generations Whether the U.S. is losing ground in terms of innovation Why Daniel thinks stablecoins are much more than a trading instrument for crypto Why Daniel believes that the U.S. is making the regulation of stablecoins “far more complicated than it needs to be” How Singapore is already giving licenses to USD stablecoin issuers Whether the dollar should be trademarked to protect it How Tether has become one of the most profitable companies per employee in history without being under U.S. jurisdiction Who should be the next chair of the SEC and the need to regulate DeFi in order for it to become mainstream Why Daniel thinks that some of the criticism of the FIT21 bill “doesn't hold water” Why Chris believes that China is lying about not intending to export the technology behind the digital yuan Whether algorithmic stablecoins should be banned, as proposed in the Lummis-Gillibrand bill Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com First Bits + Bips episode: Bits + Bips: Does Macroeconomics Point to a Potential Crypto Supercycle? Thank you to our sponsors! Polkadot VaultCraft Guests: Chris Giancarlo, Former Chairman of the US Commodity Futures Trading Commission, author of CryptoDad Forbes: ‘Elizabeth Warren's Anti-Crypto Wing Is A Shrinking Iceberg', Says Former Top Regulator FoxBusiness Interview: Elizabeth Warren and others have declared war on cryptocurrency: Chris Giancarlo Op-ed in the FT Banking Risk & Regulation: Can CBDCs be made safe for democracy? Daniel Gorfine, Founder & CEO of boutique advisory firm Gattaca Horizons, former Chief Innovation Officer at the U.S. CFTC, and adjunct professor at the Georgetown University Law Center Opinion: Stablecoin and other digital assets are falsely framed as a choice between personal privacy and national security. We can have both. - MarketWatch Building digital infrastructure for the future of finance Links Stablecoins: Stablecoins Are Defense Tech by Morgan Beller Unchained: Opinion: Regulated Dollar Stablecoins Created by a Proposed New Senate Bill Would be Crypto's Ultimate Trojan Horse Tether's Record $4.5 Billion Q1 Profit Highlights Its Dominance of the Stablecoin Industry SAB 121 Unchained: President Biden Vetoes SAB121 Repeal FIT21 Unchained: FIT21 Bill Heads to The Senate: Should We Really Be Excited? Spot Ether ETFs Unchained: Analysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a Security Learn more about your ad choices. Visit megaphone.fm/adchoices
Chris Giancarlo is a former CFTC chairman and author of the book crypto dad the fight for the future of money, co founder of the digital dollar project. We discuss:- What's the latest with the Digital Dollar- Fed Chair Jerome Powell's recent comments about the Digital Dollar development- Stablecoins vs CBDCs- Will AI be used with the Digital Dollar CBDC? - Thoughts on members of Congress and some political candidates coming out against CBDCs - Revisiting the pushback on Facebook's Diem Digital Currency - Bitcoin Spot ETF - CFTC vs SEC Ethereum ✅ Sponsor - VeChain is a versatile enterprise-grade L1 smart contract platform https://www.vechain.org/
Join Alex Tapscott as he decodes the world of Web3 with special guest Christopher Giancarlo, the thirteenth Chairman of the U.S. Commodity Futures Trading Commission and Senior Counsel of Willkie Farr & Gallagher. Listen in as they discuss whether Web3 will be an important agenda topic in upcoming presidential elections, the industry's ideal regulatory framework they want in the United States, the global race of emerging Web3 hubs, why the CFTC's work with Bitcoin futures was instrumental for Bitcoin ETF approvals, the origin and meaning behind Chris' “money is too important to be left to the central bankers” quote, important considerations and odds of Ethereum ETF approvals, and more!
Chris Giancarlo (@giancarloMKTS) is senior counsel and Co-Chair of the Willkie Digital Works practice in the firm's New York office. Chris served as the thirteenth Chairman of the U.S. CFTC, where he oversaw regulation of the futures, options and swaps derivatives markets. During his tenure at the CFTC (2014-2019), Chris oversaw the first bitcoin futures products entering the marketplace. He's also published a book, CryptoDad: The Fight for the Future of Money, which I highly recommend. Show highlights: [1:14] Digital based monetary systems [16:25] Writing guides for entrepreneurs [26:06] Leading the CFTC [31:18] Gensler, the SEC and the CFTC [35:36] Why embrace Blockchain? [1:05:17] Activity-based regulation & much more. Disclaimer: Jacob Robinson and his guests are not your lawyer. Nothing herein or mentioned on the Law of Code podcast should be construed as legal advice. The material published is intended for informational, educational, and entertainment purposes only. Please seek the advice of counsel, and do not apply any of the generalized material to your individual facts or circumstances without speaking to an attorney.
This week, Dave is joined by "Crypto Dad" - Former CFTC Chair and current Chair of the Digital Dollar Project, Chris Giancarlo to discuss CBDC's and the future of digital currency. Read the accompanying blog post here: https://blog.urvin.finance/post/is-a-u-s--backed-cbdc-the-missing-link
Former CFTC Chairman Christopher Giancarlo updates on the evolution of Central Bank Digital Currencies around the world and predicts where we're headed.
Becky Frankiewicz, Chief Commercial Officer at ManpowerGroup, shares her thoughts on the November jobs report and employment trends. Chris Giancarlo, former Chairman of the CFTC, Senior Counsel at Willkie Farr & Gallagher, discusses testing new technologies for the future of money with The Digital Dollar Project. “Fragrance Queen” Linda G. Levy, President of The Fragrance Foundation, has gift-giving ideas for this holiday season. And we Drive to the Close with Paul Christopher, Head of Global Investment Strategy at Wells Fargo Investment Institute. Hosts: John Tucker and Mike Regan. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.
Becky Frankiewicz, Chief Commercial Officer at ManpowerGroup, shares her thoughts on the November jobs report and employment trends. Chris Giancarlo, former Chairman of the CFTC, Senior Counsel at Willkie Farr & Gallagher, discusses testing new technologies for the future of money with The Digital Dollar Project. “Fragrance Queen” Linda G. Levy, President of The Fragrance Foundation, has gift-giving ideas for this holiday season. And we Drive to the Close with Paul Christopher, Head of Global Investment Strategy at Wells Fargo Investment Institute. Hosts: John Tucker and Mike Regan. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.
I interviewed Chris Giancarlo. Chris is the former Chairman of the Commodity Futures Trading Commission (CFTC), Senior Counsel to Willkie Farr & Gallagher, and the co-founder of the Digital Dollar Project. We had a wide-ranging discussion covering crypto policy, the future of central bank digital currencies, financial competition with China, regulatory policy, crypto as a store of value for electricity, payments between GPTs, and much more. This episode is a must-listen. --- Support this podcast: https://podcasters.spotify.com/pod/show/theleeshow/support
Buckle up for an insightful journey with our esteemed guest, Chris Giancarlo, former chairman of the CFTC and a respected voice in the realm of digital currency and blockchain tech. With his rich experience straddling law, technology, and political corridors, Chris brings a treasure trove of wisdom to this episode. We delve into his time at the CFTC during the Obama and Trump administrations, as well as major market scandals and the cryptocurrency boom under his watch.Fasten your seat belts as we navigate the complexities of technology and crime, the generational chasm in technology comprehension, and the labyrinth of regulating rapidly evolving spaces like Bitcoin futures. Together, we will probe the role of regulations in markets and the imperativeness of keeping pace with technology. We will also tackle the intricate dynamics of a government-issued digital currency, exploring its potential implications for privacy, free speech, and the future standing of the US dollar.As we approach the finale, we shall delve into the exhilarating, and sometimes contentious, world of digital currency. Listen closely as Chris sheds light on the potential consequences of a digital dollar, the government's role in shaping digital value systems, and the critical importance of safeguarding privacy and free speech within these systems. We will also examine the possible competition with the digital yuan, emphasizing the need to construct a future in which digital value networks are both privacy-protecting and resistant to censorship. So, settle in for a thrilling ride through the digital currency landscape with our distinguished guest, Chris Giancarlo.ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at https://theleadlag.report/leadlaglive and get 30% off as a podcast listener.Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions. Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Foodies unite…with HowUdish!It's social media with a secret sauce: FOOD! The world's first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today:
Chris Giancarlo is a former CFTC chairman, author, & co-founder of the Digital Dollar Project and Kevin Mole is the Global Head of Digital Assets at Western Union. In this interview we discuss:- Digital Dollar Project's mission - Western Union and the Digital Dollar project working together - Western Union's Retail CBDC pilot and the results - Western Union's crypto and blockchain strategy - Western Union and Ripple pilot - What's next for the Digital Dollar Project - Crypto RegulationsWhite paper https://digitaldollarproject.org/wp-content/uploads/2023/08/Digital-Dollar-Project-Cross-Border-Remittance-Pilot-Paper.pdf
Last month The House Agriculture Committee met to discuss legislation to regulate cryptocurrencies and stablecoins with former CFTC Chair Christopher Giancarlo, among others. On this episode, we're joined by Giancarlo to discuss the possibility of fast-tracking crypto regulation and the SEC's enforcement by regulation tactic that is damaging the entire market and threatening the U.S. from becoming a leader in tech innovation.Guest: J. Christopher Giancarlo - Former Chair of the CFTCFollow Giancarlo on Twitter ➜ https://twitter.com/giancarloMKTS
Chris Giancarlo is a former CFTC Chairman, Author, and cofounder of Digital Dollar project. In this interview we discuss the latest with the US digital dollar cbdc, CBDCs globally, Ron Desantis CBDC ban, Stablecoin privacy concerns, crypto regulations and more.
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Chris Giancarlo, Former CFTC Chairman Author, and member of the Digital Dollar project discusses the latest updates around the US Digital Dollar CBDC, Fed, Technical Sandbox with Ripple, EMTECH, DigitalAsset and others, Tornado Cash situation, SEC, and crypto regulations. Crypto Dad book - https://www.amazon.com/CryptoDad-Future-J-Christopher-Giancarlo/dp/111985508X?&_encoding=UTF8&tag=extcas0d-20&linkCode=ur2&linkId=f11304592110fe1a7f47b1d6b59b479a&camp=1789&creative=9325
Does the future of digital money free us to be our own unique selves, or does it enslave us to financial and governmental powers? Chris Giancarlo, lovingly known as “Crypto Dad,” knows it's inevitable for our financial system to yield to an internet-based system and is encouraging regulators to be proactive instead of reactive. He believes that society has every right to experiment with the money of the future and is doing just that with The Digital Dollar Project. In this episode we cover the jurisdiction of the CFTC, CBDC activity and fears that come with it, and whether or not our government will get this right. JOIN THE FREE WOLF DEN NEWSLETTER
Central Bank Digital Currencies (CBDC) are the subject of a global debate. In one version, individuals and businesses would hold deposits directly with the central bank. Critics point out that the Federal Reserve would then control how these deposits are used, allocating credit to private-sector borrowers and to government spending, arguing that CBDCs would eviscerate the private banking industry and create government surveillance of all financial transactions in the accounts. An alternate version is that CBDCs take the form of a tokenized dollars, distributed through the banking system and operating in parallel with paper currency and bank accounts. Supporters say this could yield lower transaction costs and more rapid settlement of payments, and could strengthen the international role of the U.S. dollar. Featuring:Bert Ely, Principal, Ely & Company, Inc.Chris Giancarlo, Senior Counsel, Willkie Digital Works LLP; Former Chairman, US Commodity Futures Trading CommissionGreg Baer, President & Chief Executive Officer, Bank Policy InstituteModerator: Alex J. Pollock, Senior Fellow, the Mises InstituteRelated:The Government’s Arms Around Cryptocurrency: Hug or Stranglehold? ---To register, click the link above.
The Bahamas has turned into an attractive destination for crypto companies looking to set up shop in a jurisdiction with a clear regulatory framework for digital assets — a movement spearheaded by crypto exchange FTX's announcement to relocate its headquarters to the island nation late last year. The Bahamas' emerging crypto scene was on full display during the last week of April, which saw approximately 2,000 industry leaders, public figures and celebrities, such as Bill Clinton and Tom Brady, converge for ‘Crypto Bahamas' — a four day conference hosted by FTX and finance conference company SALT. In this episode of The Scoop, Ryan Salame, Co-CEO of FTX Digital Markets (FTX's Bahamian subsidiary), explains why he believes the conference was “an incredible success,” and why he thinks the Bahamas is positioned to become a global hub for the crypto industry. The conference helped to highlight the crypto-friendly nature of the Bahamas, as Salame explains during the interview, “Some of my objectives were to show off the Bahamas as a jurisdiction, to show why we were there, allow the opportunity for companies to send people to see that this is a great place to do business. So that objective was easily hit.” Salame told The Block's Frank Chaparro that over 20 companies are in conversation with FTX about moving their headquarters to the Bahamas. While the US has yet to solidify its regulatory approach to digital assets, clear legislation in the Bahamas removes the structural uncertainty. As Salame explains, “All of crypto sits under one regulatory body, versus in the US, you're seeing the CFTC and FCC debate.” Salame's sentiment is shared by former CFTC chair Chris Giancarlo, who gave the regulatory structure for digital assets in the U.S. a “zero” on a scale of 1 to 10 during a panel at the conference. Episode 42 of Season 4 of The Scoop was recorded remotely with The Block's Frank Chaparro and Ryan Salame, Co-CEO of FTX Digital Markets Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to podcast@theblockcrypto.com. This episode is brought to you by our sponsors Fireblocks, Coinbase Prime & Cross River Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 725 financial institutions, has secured the transfer of over $1.5 trillion in digital assets, and has a unique insurance policy that covers assets in storage & transit. For more information, please visit www.fireblocks.com. About Coinbase Prime Coinbase Prime is an integrated solution that provides institutional investors with an advanced trading platform, secure custody, and prime services to manage all their crypto assets in one place. Coinbase Prime fully integrates crypto trading and custody on a single platform, and gives clients the best all-in pricing in their network using their proprietary Smart Order Router and algorithmic execution. For more information, visit www.coinbase.com/prime. About Cross River Cross River is powering today's most innovative crypto companies, with banking and payments solutions you can rely on, including fiat on/off ramp solutions. Whether you are a crypto exchange, NFT marketplace, or wallet, Cross River's API-based, all-in-one platform enables banking as a service, ACH & wire transfers, push-to-card disbursements, real-time payments, and virtual accounts and subledgers. Request your fiat on/off ramp solution now at crossriver.com/crypto.
This is an episode from Fungible Times, the Web3-focused podcast produced by Greylock crypto investors Sarah Guo, Christine Kim, and Mike Duboe. Sarah and Christine spoke with Chris Giancarlo, the former CFTC Chairman who is widely recognized as one of the most influential people in financial regulation. Giancarlo, who is known as "Cryoto Dad" for his father-like advocacy of cryptocurrency, was also a member of the US Financial Stability Oversight Committe as well as the President's Working Group on Financial Markets. He recently published the book "Crypto Dad: The Fight for the Future of Money”. You can also find this episode and all other Fungible Times episodes on their show website, fungibletimes.xyz, and you can subscribe on SoundCloud, Spotify, or wherever you get your podcasts.
Sarah and Christine sit down with one of the most influential individuals in financial regulation, Chris Giancarlo, also known as “Crypto Dad” for his father-like advocacy of cryptocurrency as former chairman of the CFTC, governing body that oversees Commodity Futures Trading, and member of the US Financial Stability Oversight Committee as well as the President's Working Group on Financial Markets. We break down the basics for our listeners – what should the average consumer know about crypto regulation and why is regulation so important for the future success of crypto? We also discuss Giancarlo's new book (“CryptoDad: The Fight for the Future of Money”) and his future outlook on regulation, risk, and innovation in the US. Follow Fungible Times at twitter.com/fungibletimes Follow Chris at twitter.com/Giancarlo_MKTS
Australia's first Bitcoin ETF set to be launched next week with $1 billion expected to flow into it. Robinhood acquires British crypto firm Ziglu to push expansion plans. KuCoin-backed companies launch $100M Web3 developer fund. Venture capital firm Framework Ventures has raised $400 million for a fund focused on investing in early-stage startups involved in some of the crypto industry's frothiest sectors.Chris Giancarlo interview - https://youtu.be/i2yZ3kGV6mQBrett Harrison FTX interview - https://youtu.be/Y2bzSkODo-g
Former CFTC Chairman Chris Giancarlo (CryptoDad) talks about the latest updates on the Digital Dollar project and launch of CBDC pilots with the DTCC via project Lithium. We also discuss could a stablecoin such as Circle's USDC be used as a CBDC. In addition we discuss President Biden's Crypto executive order, Ukraine crypto adoption, Russia and sanctions evasion via cryptocurrency.Privacy Principles for a Digital Dollar:https://digitaldollarproject.org/wp-content/uploads/2021/10/DDP-Privacy-Principles-10.25.21_Final.pdfDigital Dollar Project White Paperhttp://digitaldollarproject.org/wp-content/uploads/2021/05/Digital-Dollar-Project-Whitepaper_vF_7_13_20.pdf
The U.S. Senator from Wyoming, Cynthia Lummis, recently championed Bitcoin as a future currency in an interview. The interview started with the question, “Is Bitcoin a currency or commodity?” Senator Lummis quickly and confidently responded: “I own [Bitcoin], a commodity. I believe it will be currency someday, but at this point of its existence, it's a commodity just like cattle, wheat, and gold. At some point, it's going to become a means of payment.and it's going to happen really fast.” To explain her confidence, Lummis referred to the launch of the Bitcoin payment protocol, Lightning Network. She noted that Bitcoin came out of a whitepaper that didn't include means of payment. Lightning Network filled the gap by providing a payment method for Bitcoin which should lead to further innovation in the payment space. Is it a currency if it's denominated in U.S. dollars? Following up on Lummis' arguments, NBC News political director and moderator of “Meet the Press” reports Chuck Todd said that Bitcoin and other cryptocurrencies are denominated in U.S. dollars, and therefore they would not be able to behave as currencies. In response, Lummis claimed that Chris Giancarlo intentionally made this denomination during his tenure as the Chairman of the US Commodity Futures Trading Commission (CFTC) to protect the US dollars' international status. Lummis said: “[Giancarlo] Wisely recognized that we want to see Bitcoin and other cryptocurrencies to be denominated in US dollars.I think that's tremendously important because we want the US dollar to continue to be the global currency.” How does it get regulated? Accepting the duality, Todd later asked about the suitable regulatory approach to Bitcoin and other cryptocurrencies. Lummis, again, confidently argued that it would be regulated both as a commodity and a stock. She said that such a regulatory suggestion had been made in the bill drafted by Senator Kirsten Gillibrand and herself and would be presented in April. She added that: “It will be regulated by both, just the way current traditional assets are. CFTC will regulate it as a commodity, [and it] will also have spot markets and futures markets. The SEC [the US Securities and Exchange Commission] side will regulate for consumer protection and other necessary regulations to make sure purchasers are not subject to fraud.” She also said that their bill included a method to prevent projects from being shut down due to fear of the unknown. According to Lummis, the new bill will also suggest creating a regulated sandbox environment to allow people to build and innovate freely.
In this full episode, Chris Giancarlo speaks about his time in the early days of crypto, the future battles we have and everything else from Bitcoin to politics.
Chris Giancarlo, the Crypto Dad lets us know how crypto is an entirely new opportunity for all of us.
Chris Giancarlo is the Former Chairman of the Commodity Futures Trading Commission (CFTC) and is the author of the book "CryptoDad: The Fight for the Future of Money" In this conversation we discuss regulation around Bitcoin & Cryptocurrencies, law enforcement In the Crypto industry, and when the Bitcoin ETF will be approved. ======================= BlockFi provides financial products for crypto investors. Those products include BlockFi Wallet, no fee Trading, crypto collateralized Loans and the World's First Crypto Rewards Credit Card. To get $75 back on the first swipe of your BlockFi Rewards Credit Card, sign up today at http://www.blockfi.com/Pompcc ======================= Choice is a new self-directed IRA product that I'm really excited about. If you are listening to this, you are likely part of the 7.1 million bitcoin owners who have retirement accounts with dollars in them, but not bitcoin. I was in that situation too. Now you can actually buy real Bitcoin in your retirement account. I'm talking about owning your private keys and using tax-advantaged dollars to do it too. Absolute game changer. https://www.retirewithchoice.com/pomp ======================= Imagine coinmarketcap - decentralized. 3X in valuation is 15 billion dollars from the current price. Cryptotoday.com starts at zero, at fair launch on 7th of March. No VC. No pre-sale. Team tokens locked. For the people, by the people. For decentralized crypto. Visit http://cryptotoday.com and read the whitepaper for the details.
Chris Giancarlo burst on to the crypto scene as Chairman of the Commodity Futures Trading Commission when he testified before Congress, addressing lawmakers not as a regulator, he said, but "as a dad." The moniker Crypto Dad was soon bestowed on him and he used it as the title for his recent book, CryptoDad, The Fight for The Future Of Money. We talk about Chris's early life, spending afternoons at a New York City jazz club as a kid, his journey through the law and to the CFTC. He's been working on The Digital Dollar Project for about two years now, an effort to educate lawmakers and regulators about the benefits of having the U.S. dollar in digital form. Buy CryptoDad here The Digital Dollar Project white paper Follow Chris on Twitter
“What is the future of money?” is a question more and more about the future of blockchain technology and cryptocurrency. The rise of Web 3.0, as Chris Perkins and Chris Giancarlo describe it, will disrupt legacy financial business models and the regulatory infrastructure around it like nothing we've ever seen. Perkins, managing partner of CoinFund and a former U.S. Marine, and Giancarlo, former chair of the Commodity Futures Trading Commission, strategic advisor at CoinFund, and author of “Crypto Dad: The Fight for the Future of Money,” join Real Vision's Ash Bennington to talk about the benefits of decentralization for financial markets, including greater access, lower costs, and more inclusion, as well as the evolution of an activity-based regulatory structure. Recorded on March 3, 2022.
President Joe Biden pleasantly surprised the cryptocurrency market by issuing a comprehensive (yet vague) executive order outlining how the government will oversee the burgeoning industry. So, what happens next? The United States Treasury is leading or participating in the majority of the studies, which range in length from 60 to 180 days on average. Now that the lines have been drawn, it remains to be seen how officials in Washington think and how that translates into crypto policy. One report that the agency is tasked with leading concerns the future of payments and money. The issue of a central banking digital currency is one that the administration is expected to investigate thoroughly (CBDC). The most pressing questions concern how a digital dollar will interact with stablecoins and other privately issued digital assets, how these relate to the strategic position of the US dollar in general, and the relationship between digital and fiat assets. According to senior administration officials, CBDCs will be investigated for use as real-time payments – or whether another option may exist. FedNow, the Fed's upcoming real-time payment system, will allow consumers and businesses to send payments instantly beginning in 2023 and could be a potential test case. Officials are considering what needs a CBDC will fill once FedNow is available and real-time payments through that system are more feasible. "You could see stablecoins develop more quickly and broadly if there is adequate disclosure, certification of claims, and an audit function," said Chris Giancarlo, former Commodities Futures Exchange Commission Chair. "One possible future is that retail payments are made through commercially operated stablecoins and wholesale payments are made through the FedNow payment system," said Giancarlo, who is also the co-founder of the Digital Dollar Project, which has investigated the relationship between societal values and CBDCs. As other countries, such as China, promote their own digital currencies, Giancarlo has been advocating for the United States to lead the way in CBDCs. "I don't think the United States is a first mover in terms of deploying a CBDC, but we don't want the United States to be a last mover in exploring the technology," Giancarlo told Yahoo Finance. "It's like 5G. China is developing a digital yuan not only for domestic use but also for export." He claimed that China will export the basic core CBDC technology to any country that wants to get off the dollar. "It will be CBDC in a box provided by the People's Bank of China," he says. "If you're Cuba, Ecuador, or Venezuela, it'll be something you import from China." CBDCs are a controversial topic Another major issue that needs to be addressed, according to officials, is the interoperability of a US CBDC with international counterparts, and how that would be structured. Officials say there are also some private projects or multi-central bank projects looking into CBDC clearing and interoperability. Biden's executive order encourages the executive branch to take the lead on this potential outcome. If the United States pursues a CBDC, officials consider that a U.S. token would interact seamlessly with the global system, given that the US dollar is the premier reserve currency and central to the global financial system. "Adoption of US CBDC could fundamentally alter the role of both central and commercial banking," said Lisa Ledbetter, partner in Reed Smith's Financial Industry Group. "Weighing all of the factors in the EO is a policy and practical balancing act. Because a US CBDC would have international ramifications, it is critical that the private sector, foreign central banks, and other stakeholders have a seat at the table "said Ledbetter, who has worked for Freddie Mac, the Federal Deposit Insurance Corporation (FDIC), and the Treasury. However, there is no telling what a digital dollar might look like at the end of the process. The Federal Reserve is also being asked to expand on its research paper on the benefits and drawbacks of a CBDC, reflecting how the president's order placed "the highest priority" on such an instrument. If the administration determines that a digital dollar is in the best interests of the country, officials will decide whether legislation should be enacted. The Justice Department has been tasked with investigating whether legislation is required to move forwards with a CBDC. "Since the Fed is already conducting experiments involving digital currencies and a hypothetical CBDC, I would expect to see the results of that testing make their way into the EO research and next steps," Ledbetter told Yahoo Finance. Risks and solutions As the crypto industry has grown rapidly, the administration is taking a close look at the risks that cryptocurrencies pose to investors, consumers, and financial stability. The EO charges the Financial Stability Oversight Council (FSOC), which was formed following the 2008 financial crisis to monitor risks to the financial system, with researching what systemic risks digital assets pose to the financial system. The President's Working Group on Financial Markets (PWG) has already charged FSOC with investigating the systemic risks of stablecoins. Administration officials have stated that they will examine crypto as a whole through a lens similar to the PWG's report on stablecoins. This report highlighted the risks of stablecoin runs, the operational stability of the stablecoin issuance model, and the risks associated with power and commercial business consolidation. According to officials, the FSOC could go through a similar exercise to identify risks and solutions. However, an official familiar with the matter told Yahoo Finance that it was unclear whether the FSOC would get too granular about systemic risk – which may be best left to a regulator or legislation. Once the reports are completed, the government will have collaborated across agencies to reach a consensus on whether, in certain cases, it needs to hand off a set of recommendations for Congress to write legislation around – or if agencies will write new rules under their authority. Support us!
Massive Ripple XRP news today as two memos have been released showing in 2012 Ripple was told XRP is not a security. SEC backtracks on William Hinman personal opinion on Ethereum not a security speech. 40 Million XRP transferred to Coinbase, could a relisting be in order? Chris Giancarlo goes on Fox Business to talk SEC Ripple XRP and more. Fed approves rules banning its officials from trading stocks, bonds and also cryptocurrencies. Illinois submits a bill proposing $160M in tax breaks to attract Bitcoin miners to the state.Ron Hammond Interview https://www.youtube.com/watch?v=6aqSJduADYkhttps://www.Algorand.comhttps://taxbit.com/invite/thinkingcrypto/?fpr=thinkingcrypto
Chris Giancarlo, former chair of the U.S. Commodity Futures Trading Commission, joins us to talk about embracing digital transformation. He explains why governments need to update legacy banking infrastructure and create a more open and inclusive financial system.00:00 Disclaimer01:04 "Crypto Dad"05:33 Digital generation and TradFi exclusivity08:20 Entity-based regulation vs. activity-based regulation11:00 The highway analogy13:31 Financial insitutions gathering too much information16:41 The Empire Strikes Back18:58 No clear message from Washington21:07 Countries getting it right22:38 Achieving financial liberty and protecting individual privacy26:00 How institutions can compete with an open financial system28:43 The Fed engaging the private sector31:22 What Chris Giancarlo would like to see happen
Building the Future: Freedom, Prosperity, and Foreign Policy with Dan Runde
In this episode of Building the Future, Dan Runde interviews Chris Giancarlo about his new book CryptoDad: The Fight for the Future of Money and the future of digital currencies. Mr. Giancarlo, the 13th chairman of the US Commodity Futures Trading Commission (CFTC), discusses America's move towards cryptocurrency in the age of the internet and digital markets. He explains the role of the CFTC and cryptocurrency regulations, as well as China's vision for its own digital currency.
Host: Larry Bernstein. Guests include Chris Giancarlo and Ari Ciment.
Dubbed “CryptoDad” for his celebrated call on the US Congress to respect a new generation's interest in cryptocurrency, the Honorable J. Christopher Giancarlo served as 13th Chairman of the United States Commodity Futures Trading Commission. Considered one of “the most influential individuals in financial regulation,” Giancarlo also served as a member of the US Financial Stability Oversight Committee, the President's Working Group on Financial Markets, and the Executive Board of the International Organization of Securities Commissions.
Grayscale argues the SEC's bitcoin ETF treatment could violate the APA. SEC's Gary Gensler and Jay Clayton meet tomorrow with Chris Giancarlo also in attendance. Digital asset manager Grayscale Investments has unveiled its 16th investment vehicle which will be passively invested in solana (SOL). JPMorgan is hosting a private crypto forum. Borderless Capital is launching a $500 million ALGO Fund II to help develop projects built on the Algorand blockchain. Bitcoin and Ethereum ETFs that pay monthly yields launched today in Canada. Wyoming is on a mission to house 5% of the U.S. Bitcoin mining hashrate by the next halvening in May 2024. Okcoin crypto giveaway https://go.okcoin.com/12days
Chris Giancarlo served as the thirteenth Chairman of the U.S. Commodity Futures Trading Commission. While leading the CFTC, Chris earned the nickname “CryptoDad” for his call on Congress to respect a new generation's interest in cryptocurrency, an experience he details in his excellent new book “CryptoDad: The Fight for the Future of Money.” Chris is also the co-founder of the digital dollar project, which promotes research into a US central bank digital currency. Chris' Twitter: @giancarloMKTS Related Links * CryptoDad: The Fight for the Future of Money CryptoDad: The Fight for the Future of Money: J. Christopher Giancarlo, Cameron Winklevoss, Tyler Winklevoss: 9781119855088: Amazon.com: Books *The Digital Dollar Project https://digitaldollarproject.org/
Chris Giancarlo, aka CryptoDad, is the former chair of the CFTC, the governing body that oversees Commodity Futures Trading. He's now an advisor in crypto, a senior advisor at a law firm, and of course, a father. This conversation circles around many of the topics Chris covers in his new book, 'The Fight for the Future of Money.' We move through the specifics like the differences between Futures and Spot ETFs, but then we turn towards the big picture. What are American values? How do we instantiate them into our digital institutions? America has a remarkable history of saying 'yes,' and the stakes couldn't be higher as America decides whether to say yes to credibly neutral, decentralized protocols. ✨ EPISODE DEBRIEF ✨ https://shows.banklesshq.com/p/exclusive-debrief-the-fight-for-the ------
We at Messy Times are such fierce advocates for freedom that we have already been canceled by Woke Tech. We are joined in our passion for free people exercising their free will in free markets by the Honorable former Chairman of the CFTC, J. Christopher Giancarlo. His wonderful book CryptoDad has just been released. Buy a copy - it's a brilliant handbook for non-specialists, which will help you fight the fight against government mandarins who want to control every aspect of your life, from what you say, what you do with your body, to what you are "allowed" to purchase. The Biden Unity Government shares a core goal of the Chinese Communist Party in wanting to micromanage every penny in "your" bank accounts; tune in to fight those powers. Get involved at the Digital Dollar Project. --- Send in a voice message: https://anchor.fm/messytimes/message Support this podcast: https://anchor.fm/messytimes/support
Chris Giancarlo is a Former Chairman of the CFTC and the author of the book CryptoDad The Fight For The Future of Money. We discuss his book, what's new with the Digital Dollar Project, CBDCs, Bitcoin ETF approvals, US Crypto Regulations, Infrastructure Bill, Stablecoins, SEC and CFTC, Facebook's Digital Currency, and much more.https://www.chrisgiancarlo.org/bookhttps://twitter.com/giancarloMKTS
Today on the Brief: NFT volume cools down but interest remains strong Mastercard is acquiring CipherTrace European Central Bank and the Federal Reserve begin preparing for asset purchase tapers this autumn Our main discussion is about the flow of regulators from the U.S. government into the crypto industry. NLW looks in particular at Brian Quintenz, who is joining Andreessen Horowitz, and Chris Giancarlo, the former CFTC chair whose new book is “CryptoDad: The Fight for the Future of Money.” Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW “The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Toya Sarno Jordan/Bloomberg/Getty Images, modified by CoinDesk.
The pattern continues as former Commodity Futures Trading Commission (CFTC) Commissioner Brian Quintenz joins Andreessen Horowitz (a16z).This episode is sponsored by NYDIG.Today on the Brief:NFT volume cools down but interest remains strongMastercard is acquiring CipherTraceEuropean Central Bank and the Federal Reserve begin preparing for asset purchase tapers this autumn Our main discussion is about the flow of regulators from the U.S. government into the crypto industry. NLW looks in particular at Brian Quintenz, who is joining Andreessen Horowitz, and Chris Giancarlo, the former CFTC chair whose new book is “CryptoDad: The Fight for the Future of Money.” -NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.-“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Toya Sarno Jordan/Bloomberg/Getty Images, modified by CoinDesk.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Coinbase puts an end to XR relisting rumors by tweeting "As previously announced, Coinbase has suspended trading in XRP. Due to a technical issue, XRP was temporarily viewable on the Coinbase Pro mobile app for some customers but was not tradeable."SEC's Hester Pierce tweets -"As regulators seek to protect investors from fraud and get them good disclosures, we ought also to respect investors' right to make decisions for themselves, experiment, and use the latest technology to trade and invest:"Former CFTC commissioner Brian Quintenz joines a16z and Chris Giancarlo releases a book titled CryptoDad.
Following SEC chair Gary Gensler comments on crypto regulations yesterday, former CFTC chai Chris Giancarlo tweeted that "Only one US regulatory agency has experience regulating markets for Bitcoin & Crypto and it is not SEC, It is CFTC. If Biden Administration is serious about sensible Cryptocurrency regulation, it needs to nominate a CFTC chairman." CFTC commissioner Brian Quintenz tweeted in response to the SEC "Just so we're all clear here, the SEC has no authority over pure commodities or their trading venues, whether those commodities are wheat, gold, oil….or crypto assets."Ripple CEO brand Garlinghouse tweeted the following regarding the SEC XRP lawsuit - "In 2018 Bill Hinman said ETH isn't a security and Jay Clayton agreed. But just weeks ago, Hinman filed a sworn affidavit in Court saying the SEC still has “not taken any position or expressed a view” on ETH's status…so how is the market supposed to have clarity?!"Grayscale hires ETF head in push to convert biggest Bitcoin Fund GBTC.Victory Capital has applied to the U.S. Securities and Exchange Commission (SEC) to list an exchange-traded fund (ETF) tracking the Nasdaq Crypto Index (NCI).Crypto is a fundamental technological breakthrough, a16z co-founder Marc Andreessen says.Google's new U.S. crypto ad policy kicks in today, allowing ads related to bitcoin and other crypto on its network, albeit with restrictions on the firms permitted to do so.Nasdaq-listed The9 has signed a joint venture agreement with Kazakhstan cryptocurrency mining firm KazDigital, The9 said Wednesday. - SEC Hester Pierce - https://youtu.be/_qihfMbIk_g- SEC Joe Hall - https://youtu.be/ym19MunxReA- Chris Ginacarlo - https://youtu.be/7PwSx78SWqk- Brad Garlinghouse - https://youtu.be/dPe499jDQ4E
With expressions ranging from enthusiasm to serious interest, central banks from China to Europe have been actively exploring the potential for Central Bank Digital Currencies (CBDCs). On June 28, Federal Reserve Board Vice Chairman for Supervision Randal Quarles offered comments that, far from equivocal, expressed great doubt about the feasibility and desirability for the Federal Reserve sponsoring such a currency.On July 29 at 2 PM ET the Federalist Society will host a webinar of CBDC experts to comment on Vice Chairman Quarles' remarks. What were the key points he made, what did he not say, what is the significance of his comments, what issues remain? Most important of all, what are the prospects for CBDCs, abroad as well as in the U.S.?Controversies focus on CBDC implications for privacy, greater personal financial inclusion, government control of credit, innovation, government assumption of banking activities, broadening the tax base, and more.Speaking on the webinar will be Bert Ely, Chris Giancarlo, and Peter Earle. Featuring:-- Bert Ely, principal of Ely & Co. Inc., long-time expert, consultant, and commentator on financial services institutions and developments, including conditions in the banking industry and the FDIC, monetary policy, the payments system, and the growing federalization of credit risk.- Chris Giancarlo, former Chairman of the Commodity Futures Trading Commission, and currently senior counsel at Willkie Farr & Gallagher. On June 9, 2021, he testified on CBDC before the Senate Banking Committee's Economic Policy Subcommittee.-- Peter C. Earle, economist and writer with the American Institute for Economic Research, with 20+ years as a trader and analyst at a number of securities firms and hedge funds, his research focuses on financial markets, cryptocurrencies, monetary policy-related issues, the economics of games, and problems in economic measurement. -- Moderator: Alex J. Pollock, Distinguished Senior Fellow, R. Street Institute; former Principal Deputy Director, Office of Financial Research, U.S. Department of Treasury; author of Finance and Philosophy--Why We're Always Surprised
As this cycle heats up, “governments will ban bitcoin” is one of the top areas of fear, uncertainty and doubt. On this episode, NLW breaks down why that FUD just doesn’t hold much weight right now, looking at: Why the examples of India, Turkey, Nigeria and China are not as bad as what people have posited Why the early indications suggest the Biden administration is more open to crypto than what the Trump administration ended up being Why it matters that two crypto companies today announced major board members and executives from the regulator world Specifically, NLW looks at Brian Brooks and Chris Giancarlo’s trajectory in both the regulatory sphere and crypto and what their new private sector engagements might mean. -- Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io -- Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW The Breakdown is produced and distributed by CoinDesk.com
Despite the FUD, the prospects for bitcoin and crypto in a broader regulatory context have never looked brighter. This episode is sponsored by Nexo.io.As this cycle heats up, “governments will ban bitcoin” is one of the top areas of fear, uncertainty and doubt. On this episode, NLW breaks down why that FUD just doesn’t hold much weight right now, looking at:Why the examples of India, Turkey, Nigeria and China are not as bad as what people have posited Why the early indications suggest the Biden administration is more open to crypto than what the Trump administration ended up being Why it matters that two crypto companies today announced major board members and executives from the regulator world Specifically, NLW looks at Brian Brooks and Chris Giancarlo’s trajectory in both the regulatory sphere and crypto and what their new private sector engagements might mean. -Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.-Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!) -Image credit: Jason Alden/Bloomberg/Getty Images
Stablecoins have captured the imaginations of central bankers around the world. The power and efficiency of digital versions of local currencies on blockchains, and the promise of a more transparent and accessible financial system, have led nearly every central bank on the planet to launch a central bank digital currency (CBDC) initiative. While most of these efforts have focused on research, planning, and proposals, private sector stablecoins have been in the market for years and have seen incredible growth. From trade finance, to remittances, to cross-border business payments, digital dollar stablecoins have seen the fastest growth as macro conditions accelerate dollarization across the globe. To take one example, USD Coin (USDC), a fully-reserved and regulated US dollar stablecoin, recently topped 500% growth in market capitalization this year alone. With China's CBDC beginning to roll out, and imminent launch of Facebook's Libra payments network, and increased attention on Capitol Hill around the distribution of COVID-related aid and financial inclusion, digital dollar initiatives at the Fed are in the spotlight. To help unpack these topics and examine the intersection between CBDC and private sector digital dollar stablecoins, we're joined this week by Chris Giancarlo, Director of The Digital Dollar Project, a partnership between Accenture and the Digital Dollar Foundation focused on advancing the exploration of a United States Central Bank Digital Currency (CBDC). Chris Senior Counsel to the law firm Willkie Farr & Gallagher and the former Chairman of the U.S. Commodity Futures Trading Commission (CFTC). Mr. Giancarlo also served as a member of the Financial Stability Oversight Committee (FSOC), the President's Working Group on Financial Markets, and the Executive Board of the International Organization of Securities Commissions (IOSCO). We are honored to have Chris on the show for what promises to be an exciting and wide-ranging conversation. Live on YouTube Thursday October 8th at 1p ET, Watch each week live on YouTube, and be sure to subscribe on Apple Podcasts, Spotify and YouTube.
Stablecoins have captured the imaginations of central bankers around the world. The power and efficiency of digital versions of local currencies on blockchains, and the promise of a more transparent and accessible financial system, have led nearly every central bank on the planet to launch a central bank digital currency (CBDC) initiative. While most of these efforts have focused on research, planning, and proposals, private sector stablecoins have been in the market for years and have seen incredible growth. From trade finance, to remittances, to cross-border business payments, digital dollar stablecoins have seen the fastest growth as macro conditions accelerate dollarization across the globe. To take one example, USD Coin (USDC), a fully-reserved and regulated US dollar stablecoin, recently topped 500% growth in market capitalization this year alone. With China's CBDC beginning to roll out, and imminent launch of Facebook's Libra payments network, and increased attention on Capitol Hill around the distribution of COVID-related aid and financial inclusion, digital dollar initiatives at the Fed are in the spotlight. To help unpack these topics and examine the intersection between CBDC and private sector digital dollar stablecoins, we're joined this week by Chris Giancarlo, Director of The Digital Dollar Project, a partnership between Accenture and the Digital Dollar Foundation focused on advancing the exploration of a United States Central Bank Digital Currency (CBDC). Chris Senior Counsel to the law firm Willkie Farr & Gallagher and the former Chairman of the U.S. Commodity Futures Trading Commission (CFTC). Mr. Giancarlo also served as a member of the Financial Stability Oversight Committee (FSOC), the President's Working Group on Financial Markets, and the Executive Board of the International Organization of Securities Commissions (IOSCO). We are honored to have Chris on the show for what promises to be an exciting and wide-ranging conversation. Live on YouTube Thursday October 8th at 1p ET Watch each week live on YouTube, and be sure to subscribe on Apple Podcasts, Spotify and YouTube. About the Show The global economy is experiencing unprecedented challenges and change. Business leaders everywhere are grappling with how to transform their companies to become more digital, resilient and efficient. As we face this change, a new global movement is building around the promise of digital currencies and blockchains — forming a new architecture for the global economy and creating new opportunities for companies everywhere. The Money Movement explores and chronicles the issues and ideas driving this brave new world of digital money. The Money Movement is brought to you by Circle. Our mission is to raise global economic prosperity through programmable internet commerce. Learn more about Circle Business Accounts and Platform APIs at https://circle.com.
Chris Giancarlo and Conrad Bahlke detail how in their XRP Is not a security --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/cryptoceej/support
At an event at the NYU Stern School of Business, Christopher Giancarlo, former CFTC Chairman and co-founder of the Digital Dollar Foundation, discusses his proposal for a US central bank digital currency (CBDC), and how that fits into the broader geopolitical environment. We cover: Why he has focused on pushing for a US digital dollar after leaving the CFTC How a US CBDC would be different from other stablecoins How the proposal is designed to build off of the traditional banking infrastructure What pilot programs would look like How a digital dollar would foster economic inclusion even though using the digital dollar requires owning a smartphone How it would handle privacy How the network would be secured Whether the US is falling behind China in terms of central bank digital currencies and blockchain exploration Whether Libra will be a proxy for the digital dollar How COVID-19 has affected the discourse around a digital dollar Whether the election will affect the future of the digital dollar Unchained is hiring! Check out our job listing for a remote editorial assistant here! https://unchainedpodcast.com/seeking-remote-editorial-assistant/ Thank you to our sponsors! Crypto.com: https://crypto.com Kelman Law: https://crypto.law Stellar: https://www.stellar.org Episode links: Chris Giancarlo: https://twitter.com/giancarlo Digital Dollar Project : https://www.digitaldollarproject.org Previous Unchained interview with Chris: https://unchainedpodcast.com/christopher-giancarlo-on-the-craziness-of-becoming-crypto-dad/ Chris and Daniel Gorfine's WSJ op-ed advocating for a digital dollar: https://www.wsj.com/articles/we-sent-a-man-to-the-moon-we-can-send-the-dollar-to-cyberspace-11571179923 Digital dollars in stimulus bills — March: https://www.coindesk.com/house-stimulus-bills-envision-digital-dollar-to-ease-coronavirus-recession April: https://www.coindesk.com/digital-dollar-reintroduced-by-us-lawmakers-in-latest-stimulus-bill Pew Research on smartphone adoption: https://www.pewresearch.org/internet/fact-sheet/mobile/ FDIC survey on the unbanked and underbanked: https://www.fdic.gov/householdsurvey/2017/2017execsumm.pdf Banks keeping some of customers' stimulus money: https://www.nytimes.com/2020/04/16/business/stimulus-paychecks-garnish-banks.html Why a digital dollar is politically more feasible at this moment than before: https://www.coindesk.com/the-overton-window-opens-for-a-digital-dollar Ohio Senator Sherrod Brown also proposes digital dollar: https://www.coindesk.com/us-senate-floats-digital-dollar-bill-after-house-scrubs-term-from-coronavirus-relief-plan Philadelphia Fed paper: https://www.philadelphiafed.org/-/media/research-and-data/publications/working-papers/2020/wp20-19.pdf Receptivity in Congress to the idea of a digital dollar: https://www.coindesk.com/how-a-flurry-of-digital-dollar-proposals-made-it-to-congress Libra white paper: https://libra.org/en-US/white-paper/#cover-letter Congressional hearing on using FedAccounts and for stimulus: https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=406612
CoinDesk's annual conference on the future of the global financial system is happening this week. Consensus: Distributed features hundreds of hours of programming with more than 150 speakers over five days, from May 11th-15th. HighlightsYves Mersch on Central Bank Digital CurrenciesMember of the Executive Board, Vice-Chair of the Supervisory Board • European Central BankYves Mersch was appointed to the Executive Board of the ECB in 2012 when serving his third term as Governor of the Banque centrale du Luxembourg, a position he had held since 1998. In 2019 he was appointed Vice-Chair of the ECB's Supervisory Board.Before setting up his country's central bank, he represented his country in the International Monetary Fund, World Bank, European Investment Bank and other multilateral organisations, as well as in private companies where he has been globally active in both financial and industrial areas.Mr Mersch holds postgraduate degrees in political science from Paris Sorbonne, and law from Paris Panthéon University. He is the longest-serving member on the ECB's Governing Council. Former Treasury Secretary Lawrence Summers & fintech author and futurist Dave Birch Former Treasury Secretary Lawrence H. Summers is one of America's leading economists. In addition to serving as 71st Secretary of the Treasury in the Clinton Administration, Dr. Summers served as Director of the White House National Economic Council in the Obama Administration, as President of Harvard University, and as the Chief Economist of the World Bank.Dr. Summers' tenure at the U.S. Treasury coincided with the longest period of sustained economic growth in U.S. history. He is the only Treasury Secretary in the last half century to have left office with the national budget in surplus. Dr. Summers has played a key role in addressing every major financial crisis for the last two decades. David G.W. Birch is an author, advisor and commentator on digital financial services. He is Global Ambassador for Consult Hyperion (the secure electronic transactions consultancy that he helped to found), Technology Fellow at the Centre for the Study of Financial Innovation (the London-based think tank) and a Visiting Professor at the University of Surrey Business School. Chris Giancarlo and the Digital Dollar Project & Dante Disparte of Libra AssociationThe Honorable J. Christopher (“Chris”) Giancarlo is an American attorney and former business executive who served as 13th Chairman of the United States Commodity Futures Trading Commission (CFTC). Dante Disparte is the vice chairman and Head of Policy and Communications for the Libra Association, a newly-formed organization that has brought together social impact organizations and a diverse group of leading businesses from around the world to create a low-friction, high-trust payment system that empowers billions of people. Gavin Wood on Chain Mergers and AcquisitionsGavin Wood, an original co-founder of Ethereum, took a few good swipes at the second-largest cryptocurrency he helped create, calling out its lack of “agency” when upgrading to its next version, Ethereum 2.0.Plan B discussion: Saifedean Ammous, Erik VoorheesSaifedean Ammous is the author of The Bitcoin Standard: The Decentralized Alternative to Central Banking, the first academic study of the economics of bitcoin. He also runs saifedean.com, a platform for online courses in economics. Erik Voorhees is among the top-recognized serial Bitcoin advocates and entrepreneurs, understanding Bitcoin as one of the most important inventions ever created by humanity. US Banking Regulator Suggests Federal Licensing Framework for Crypto Firms - Brian Brooks, chief operating officer of the U.S. Office of the Comptroller of the Currency (OCC), the nation's national bank overseer, said Monday he believes crypto companies could fall under a federal licensing regime – if they provide what can be described as payment services. Speaking at CoinDesk's Consensus: Distributed virtual conference, the former Coinbase chief legal officer said many crypto companies are payments companies, and it therefore might make sense to treat these startups – and other fintech firms like Stripe – the same way as banks are treated federally. "Crypto is one of those areas where we have to ask ourselves, does it make more sense to think of crypto projects as local projects or global projects. If they're global, then the rational for a single national license makes more sense," he said. "Increasingly, it looks a lot like crypto is banking for the 21st century."This would give these startups an alternative to the state-level money transmitter licenses when building operations.The European Central Bank (ECB) is looking into what a retail central bank digital currency (CBDC) form of the euro might look like - The ECB set up a task force earlier this year to look into what its potential CBDC could look like, and the group expects to publish a preliminary report in the coming weeks, said Mersch, an executive board member at the ECB. "A wholesale CBDC, restricted to a limited group of financial counter-parties, would be largely business as usual," Mersch said. "However, a retail CBDC, accessible to all, would be a game changer, so a retail CBDC is now our main focus." A retail CBDC could be based on a digital token circulated "in a decentralized manner," without a central ledger, Mersch said, though he stopped short of saying the words "blockchain" or "distributed ledger." He acknowledged that the traceability of digital transactions would raise privacy concerns among a population used to paying for some things with paper notes.Cold Currency War is brewing - Every sector is competing in a type of arms race to be a leader in the digital currency race.Vitalik Buterin said the Ethereum 2.0 protocol upgrade in July - Eth2 will change the consensus mechanism to proof-of-stake (PoS), is well on its way to launching sometime in July.Zcash Alliance Aims to Bring Privacy Tech to Bitcoin, Cosmos and Ethereum -A handful of big names in crypto want in on the privacy features offered by Zcash. The Electric Coin Company (ECC) announced Monday the launch of the Zcash Developers Alliance (ZDA), an invite-only working group that includes the Lightning Network startup Bolt Labs, the cross-chain technology startup Thesis, the Ethereum conglomerate ConsenSys and two leading startups working on the Cosmos project, Agoric and Iqlusion, just to name a few. “The ZDA is an attempt to introduce a way to collaborate with the ECC, and the Zcash ecosystem, which focuses around other people's priorities,” Iqlusion founder Zaki Manian said. “Product-market fit is other people [beyond fans and founders] actually caring about it.” Manian said the “Zcash anonymity set” is a “valuable public good,” describing how the privacy coin allows shielded transactions and the construct that allows individual transactions to get lost in the metaphorical crowd. References: CoinDesk
Former CFTC Chairman Chris Giancarlo joins us at the Singapore FinTech Festival to discuss his proposal for a Digital Dollar with the IIF's Brad Carr and Conan French.
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