CFTC Chair: ‘Explosion of Interest’ in Crypto May Spawn New Clearinghouses
CFTC Chairman Giancarlo expects new firms to apply to become federally-regulated clearinghouses so they can offer crypto futures.
Christopher Giancarlo has joined law firm Willkie Farr & Gallagher as its new senior counsel, where the former CFTC chief intends to continue advocating for a digital dollar and other policies.
"We saw a bubble building and we thought the best way to address it was to allow the market to interact with it," said Christopher Giancarlo.
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.
Two former ranking members of the CFTC offered up a plan for a government-sanctioned, blockchain-based digital dollar.
LedgerX claims former CFTC Chairman Christopher Giancarlo threatened the company for personal reasons, two letters obtained by CoinDesk reveal.