Jan 17, 2024

Chris Giancarlo, former CFTC Chair and executive chairman at the Digital Dollar Project, answers five rapid questions from CoinDesk from his thoughts on the nickname "crypto dad" to his outlook on an ether ETF approval in the near future.

Video transcript

Do you like that? People call you crypto dad. I'm honored to be called crypto dead. What big theme do you think is going to dominate? 2024 the US presidential election? Do you think a spot E ETF is going to be approved this year when we greenlighted Bitcoin Futures in December of 2017, we immediately faced increasing pressure to approve a uh an Ethereum uh future. I expect that the SEC will see the same pattern emerge, the approval of the spot uh uh uh A Bitcoin uh ETF will trigger a lot of incoming pressure to approve a spot Ethereum. Uh ETF, I don't know whether it, in our case, the CFTC was 18 months before that approval came about. Um It, it may be as long as 18 months for the SEC, but I expect it to happen. Ok, Chris, when you're not thinking about the future of the economy, the future of the digital dollar, what are you doing? Playing banjo? And will we see a CBD C in the United States anytime soon? Uh Not, not anytime soon. And that's a good thing because there's too much uh to be worked out there's too many issues to be worked out. And ultimately, the adoption of a US digital dollar needs the input, it needs the approval of Congress, it needs to be resolved in a, an appropriate democratic fashion.

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