Share this article
Ex-CFTC Chair Christopher Giancarlo Stumps for Digital Dollar
"Crypto Dad" made his case for the next evolution of America's greenback.
By Danny Nelson
Updated Sep 14, 2021, 12:11 p.m. Published Feb 12, 2021, 3:12 p.m.
Former CFTC chairman J. Christopher Giancarlo laid out his case for state-issued digital currencies on CoinDesk TV's "First Mover" program Friday morning.
STORY CONTINUES BELOW
- Speaking as G7 leaders were set to meet with central bank digital currencies (CBDC) on their agenda, the regulator sometimes known as "crypto dad" pushed for a U.S. digital dollar that strikes a balance between privacy rights and society's best interests.
- He also waxed prophetic on the potential reach of China's digital yuan project, saying that while he is not an alarmist on the world's fastest-developing CBDC, governments must remain mindful of its reach.
- "A digital yuan would present the opportunity to basically bypass the global bank based system and arrange for direct payments, and therefore our ability to use sanctions would be diminished," he said.
Read more: Giancarlo: In the Race for Digital Money, the US Most Not Trample Privacy
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
U.S. bipartisan lawmakers draw up tax bill with stablecoin and staking relief
New House proposal would exempt some stablecoin payments from capital gains taxes and allow stakers to defer income recognition for up to five years.
What to know:
- A bipartisan bill in the U.S. House aims to modernize tax rules for digital assets, addressing issues like excessive taxation and tax abuse.
- The PARITY Act proposes tax exemptions for stablecoins, deferral options for staking rewards, and aligns digital assets with traditional securities.
- The bill includes measures to prevent tax loss harvesting in crypto and offers tax benefits to foreign investors trading through U.S. brokers.
Top Stories
