The Commodity Futures Trading Commission, rather than the Securities and Exchanges Commission or the U.S. Treasury, should supervise cryptocurrency markets, its former chairman told Yahoo Finance in an interview on Friday. As the debate over digital token oversight takes shape and the White House prepares an overarching strategy, J. Christopher Giancarlo said it’s time for Congress to take the lead and permit his former agency to run point on the asset class’ regulation. An inter-agency… Source link
Read More »US needs to take leadership on central bank digital currencies: former CFTC chair
A former financial regulator says the United States needs to step up its research into a central bank-issued digital currency, as the Federal Reserve explores the viability of a digital dollar. Christopher Giancarlo, who ran the Commodity Futures Trading Commission (CFTC) as its chairman from 2017 to 2019, is working with consulting firm Accenture on pilot programs that will test different use cases for a digital dollar in the United States. “What’s not being done, and what needs to be… Source link
Read More »