Share this article
Ex-CFTC Chair Christopher Giancarlo on Why He Launched Digital Dollar Project
In this video from WEF 2020, former Commodity Futures Trading Commission Chairman J. Christopher Giancarlo, also known as “Crypto Dad,” discusses his push to digitize the U.S. dollar and the future of global currencies.
By John Biggs
Updated Sep 13, 2021, 12:11 p.m. Published Jan 23, 2020, 8:21 p.m.
Make us preferred on Google
In this video from WEF 2020, former Commodity Futures Trading Commission Chairman J. Christopher Giancarlo, also known as “Crypto Dad,” discusses his push to digitize the U.S. dollar and the future of global currencies.
STORY CONTINUES BELOW
"We believe that the dollar usage in the global economy is underserved by serving as a continual analog instrument in a digital world," he said. "We're going to think through how to create a digital dollar that serves well into this coming digital century."
Ultimately, Giancarlo feels governmental currencies will come together with corporate cryptocurrencies and, presumably, open-source communities like bitcoin and ethereum. Government crypto, said Giancarlo, might try to intrude on privacy, something that blockchain can prevent.
"Let's envision a world where you have a Chinese central bank currency, you have a commercial cryptocurrency like a Libra and you have a U.S. dollar digital currency," he said. "In those three worlds, one government is going to want to know every transaction, and especially transactions to political opponents to freedom ... and even whether you're shopping with Target or whether you're shopping with Nordstrom.
"We think in a digital dollar people could see their information being more secure, not less."
You can view more WEF 2020 coverage here and subscribe to our YouTube channel for up-to-the-minute updates.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Ukraine banned Polymarket and there’s no legal way for it to come back
Polymarket and similar platforms are considered unlicensed gambling operators, leading to blocked access.
What to know:
- Ukraine has no legal framework for Web3 prediction markets, and current legislation provides no recognition for such platforms.
- Polymarket and similar platforms are considered unlicensed gambling operators, leading to blocked access.
- Legal changes are unlikely in the near future, as Parliamentary revisions to gambling definitions are extremely improbable during wartime, leaving prediction markets in a legal deadlock.
Top Stories
