Payments News


Former Regulator Known As ‘Crypto Dad’ to Launch Digital-Dollar Think Tank

“J. Christopher Giancarlo, who stepped down as chairman of the Commodity Futures Trading Commission last year, said he was creating the nonprofit Digital Dollar Foundation to study converting the dollar into a fully electronic currency based on blockchain, the technology that underpins bitcoin. The U.S. risks losing the advantages it enjoys from having the dominant global currency if it falls behind rivals like China, which is working on creating a digital yuan, Mr. Giancarlo wrote in an op-ed published in The Wall Street Journal in October.”