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Former CFTC Chairman Chris Giancarlo aka “CryptoDad” sees the present set of monetary techniques – the older techniques related to the pre-digital age – as hopelessly out of date.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 kind of new wave of the digitization of our world that is happening,” he mentioned. “The primary wave was the digitization of knowledge, and that is created the Web as we all know it at the moment. However we’re seeing what some folks name the digitization of worth, or the or the Web of worth.”
He sees the present set of monetary techniques – the older techniques related to the pre-digital age – as hopelessly out of date.
“I have been additionally pondering lots 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 effectively previous their sell-by day at the moment,” 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 known 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 develop the definition of digital currencies in the USA.
Disclosure Learn Extra
The chief in blockchain information, CoinDesk is a media outlet that strives for the best journalistic requirements and abides by a strict set of editorial insurance policies. CoinDesk is an impartial working subsidiary of Digital Forex Group, which invests in cryptocurrencies and blockchain startups.
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