Digital Dollar Foundation
Led by Swiss crypto exchange Lykke, a $200,000 initiative to fund tech-driven COVID-19 relief projects has tapped ex-CFTC chair Chris Giancarlo as its advisor.
The ex-chairman of the CFTC says a digital dollar should be a priority for the U.S. But he cautions against expediting the initiative during the pandemic.
The Digital Dollar Project's first white paper describes how a two-tiered system underpinning a tokenized dollar could modernize the U.S. financial system.
The Digital Dollar Foundation has tapped a number of former government officials and industry experts as advisors as it looks to design and promote a U.S. CBDC.
Former CFTC Chair Chris Giancarlo and LabCFTC head Dan Gorfine are forming the Digital Dollar Foundation, working with Accenture to determine how best to create a U.S. central bank digital currency.