Former CFTC Chairman Chris Giancarlo aka "CryptoDad" sees the present set of economic techniques - the older techniques related to the pre-digital
Former CFTC Chairman Chris Giancarlo aka “CryptoDad” sees the present set of economic techniques – the older techniques related to the pre-digital age – as hopelessly out of date. He goals to repair them.
“Throughout my 5 years on the fee we noticed this form of new wave of the digitization of our world that is happening,” he mentioned. “The primary wave was the digitization of data, and that is created the Web as we all know it right now. However we’re seeing what some individuals name the digitization of worth, or the or the Web of worth.”
He sees the present set of economic techniques – the older techniques related to the pre-digital age – as hopelessly out of date.
“I have been additionally considering rather a lot about how a lot of our bodily infrastructure – our bridges, our tunnels, our airports – have been allowed to age and decay. They have been cutting-edge within the fifties and sixties. They’re properly previous their sell-by day right now,” he mentioned. “A lot of our monetary infrastructure has additionally been allowed to age and decay and never been modernized.”
Since leaving the CFTC, Giancarlo has joined the Chamber of Digital Commerce as an advisor and likewise joined the board of the American Monetary Change. Throughout his time with the CFTC, Giancarlo referred to as for a lighter regulatory strategy when it got here to cryptocurrencies. Now, sitting down with CoinDesk’s Michael Casey, the previous chairman is able to increase the definition of digital currencies in the USA.
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