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‘We Need to Respect This Generation’s Interest’ in Bitcoin: CFTC Chairman
The chairman of the Commodity Futures Trading Commission (CFTC) said this week that cryptocurrency is a generational interest and that regulators need to treat it with respect.
J. Christopher Giancarlo, who was sworn in as a CFTC commissioner in 2014 and has led the commission since August 2017, shared his thoughts on cryptocurrency regulation at the Milken Institute Global Conference, which took place this week in Los Angeles.
“We need to take a moment and respect this generation’s interest in this new instrument (bitcoin),” he said, according to a Reuters report. “Not with derision, but with a little bit of attention and respect and respond with policy initiatives that really are thoughtful and forward looking.”
Giancarlo — who says he will retire after his five-year term ends next April and President Trump appoints a successor — compared consumer interest in bitcoin to the “cultural change” that the baby boomers instituted when they arrived on the scene in the mid-20th century.
He explained that younger investors have much less respect for mainstream financial institutions due to growing up amidst the financial crisis and said that they see bitcoin as a way to remove these middlemen from the economic supply chain.
He said:
“There is something going on here that is generational. Just as the baby boomer generation lost faith in the leaders that came before them and tried to seek a cultural change in those days through sex, drugs and rock and roll, I think there is a generation that also has lost faith in us that led them through the financial crisis and they see technology as a way of disintermediating institutions for which they don’t have a great deal of respect.
Giancarlo has issued similarly-conciliatory statements about cryptocurrency investors on multiple occasions, beginning with his remarks before a Senate committee hearing earlier this year.
His heartfelt opening statement at that hearing earned him the nickname “Cryptodad,” and he has taken to using the hashtag #cryptodad when he tweets about cryptocurrency.
Earlier this week, Giancarlo said that bitcoin was “like gold” in several respects, even though it is perhaps not ideal as a medium of exchange.
AUTHORED BY. Josiah Wilmoth
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When Will We See the Digital Dollar? ‘CryptoDad’ Says Soon Former CFTC Chairman Chris Giancarlo aka "CryptoDad" sees the current set of financial systems - the older systems associated with the pre-digital age - as hopelessly obsolete.
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#dailycryptoupdate #cryptonews #crypscrow #japanese #messaging #line #crypto #bitmax #huobi #Argentina #fiattocrypto #cryptodad #digital #chamber #Trade #giancarlo #wellsfargo #pilot #stablecoin #canada #quadrigacx #binance #cryptomedia #investment https://www.instagram.com/p/B2inNV0gj6o/?igshid=12ld5jvbaf15v
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數字美元 Redux_珍妮特耶倫和傑伊鮑威爾如何在 CBDC 上同步
去年年,在Covid-19大流行中,一個新術語進入空間稱為數字美元整個過程中國會的CARES法案談判。 conceptquickly提請關注因為它代表了each美國中央銀行的概念加密貨幣��well as afaster,更多有效,和分配財務刺激when練習superior社會疏遠的更安全的方式。

“數字美元”一詞是由 Willkie Farr and Gallagher 的高級顧問、美國商品期貨交易委員會前主席 J. Christopher Giancarlo 創造的。據《華爾街日報》報導,Giancarlo 在 2020 年 1 月宣布了數字美元項目。 在此之前,Giancarlo 一直是加密貨幣領域和區塊鏈企業家期間他在CBDC的任期內,在Twitter上獲得了“CryptoDad”的綽號。
Giancarlo 一直在鼓吹為什麼數字美元是開發對行星來說是重要,他稱之為試點程序類似與太空競賽,與我們初級競爭對手成為台灣誰一直工作在 CBDC 的 個人 版本上有一段時間了。 儘管如此,在華盛頓的倡導有時需要一點運氣,為了看到棋盤上的棋子被放置只是為了看到觀念從考慮坦克到地球舞台。
美國財政部長珍妮特耶倫昨天與紐約Instances NYT對數字美元的評論引發了問題throughout聽證會現在美聯儲主席杰羅姆鮑威爾現在。隨著耶倫得到之前擔任美聯儲主席,她可能是完全被置於談論美聯儲發行的數字美元的引入將如何操作與財政部協調。
華盛頓特區 - 2 月 09 日:財政部長珍妮特耶倫看起來作為喬總統...... [+]拜登會見企業領導人關於vital have to have for the American Rescue Program in the Oval Office at the Oval White House 2021 年 2 月 9 日星期二在華盛頓特區。出席會議的有摩根大通董事長兼首席執行官傑米戴蒙,美國商會首席執行官湯姆多諾霍,道格沃爾瑪總裁兼首席執行官 McMillon、Gap, Inc. 總裁兼首席執行官 Sonia Syngal 和 Lowe's 公司, Inc.(攝影:Pete Marovich/ Pool/Getty 圖片)
蓋蒂圖片“它製造對中央銀行狩獵在它的意義,”耶倫說昨天對紐約事例。 “我們確實有問題與貨幣包容。 Too很多美國人肯定不要可以使用簡單支付系統和銀行賬戶,我假設這是某事。我相信它可以結果更快,更安全,更便宜|更便宜|更實惠|成本更低}付款。
更多為您加密成本崩潰:億萬富翁投資者警告“是難以置信小心' 隨著比特幣、以太坊、Cardano、Solana、XRP 和 BNB 大幅下跌,發出嚴重的比特幣“崩潰”警報Just after 3000億美元加密貨幣價格 崩盤令以太坊、Cardano、BNB、Solana、XRP 和 Dogecoin 大幅下挫一個特別的}狗狗幣競爭對手 更大 以及比特幣和加密貨幣“銀行擠兌”恐懼在韓國耶倫也提到她對挑戰涉及影響對銀行存款,無論是否美聯儲是否會直接給你零售層面的數字美元,金融穩定和收入洗錢困難等同與她的持續問題與比特幣和她的信念難以置信與非法金融密切相關。耶倫可能看到數字美元作為興奮的答案over比特幣每個由於價格tag as well important公司如Tesla TSLA、Square和Microstrategy MSTR of 重要投資比特幣。
鮑威爾當然有陳述漂亮相關問題 現在,除了初期時間,他將數字美元歸類為“高優先級項目”。鮑威爾在價值指出就在}表示美國獲得數字美元正確而不是第一。鮑威爾重申了華盛頓特區董事會如何將notion作為properly作為work的波士頓聯儲及其執行與麻省理工學院在一個假設的中央銀行虛擬貨幣上。
華盛頓特區 - 12 月 2 日:美聯儲主席杰羅姆·鮑威爾 (Jerome Powell) 作證 {before|before |just before|ahead of Home ... [+] Financial Services 委員會聽證會在RayburnResidenceOfficeBuilding12月2舉行聽證會2020 年在華盛頓特區。 (攝影:Jim Lo Scalzo -Pool/Getty Pictures)
Getty 圖片最後,耶倫-鮑威爾在數字美元上的合作趨於合理,可能的興趣將重新點燃在“試點項目”的thought類似台灣正在做,也是概念 已經建議由Giancarlo。這次明顯的獨特,是鮑威爾描述選擇周圍無論是否與否發行種類的CBDC,不受概念的對沖之不管美聯儲是否處於有利地位去問題等貨幣從政策觀點。
也許耶倫和鮑威爾已經目前開始討論關於數字美元的概念。 需要拜登總統最終認可這樣一個想法,這將為耶倫鋪平道路幫助美聯儲,美聯儲和美國財政部的組合 建設 一���美國中央銀行發行的虛擬貨幣可以是一個其政府的持久遺產。
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Cryptocurrency adalah 'Here to Stay': CFTC Chairman Giancarlo
Bitcoin tidak akan pernah menggantikan greenback, tetapi cryptocurrency andalan bisa mencapai adopsi yang signifikan di dua pertiga negara tanpa mata uang yang stabil. Pernyataan itu mungkin terdengar seperti tesis yang diajukan oleh pengadopsi bitcoin awal, atau mungkin manajer hedge fund berpikiran maju. Namun sebenarnya, ramalan bullish itu dikeluarkan oleh J. Christopher Giancarlo , regulator derivatif teratas di Amerika Serikat. #Bitcoin is a commodity, but how do you characterize the rest? @giancarloCFTC, the man in charge of #crypto regulation, goes on the record. pic.twitter.com/hn2B1UOnGH — CNBC's Fast Money (@CNBCFastMoney) October 1, 2018 Giancarlo, ketua Komisi Perdagangan Berjangka Komoditas (CFTC) menyatakan dalam sebuah wawancara dengan Detikdax bahwa cryptocurrency adalah "di sini untuk tetap," bahkan jika tidak pernah mencapai tujuan akhir untuk menjadi mata uang terkemuka di dunia, seperti CEO Square Jack Dorsey mengatakan bahwa dia percaya itu akan terjadi. Giancarlo berkata: “Saya pribadi berpikir bahwa cryptocurrency tetap di sini. Saya pikir ada masa depan bagi mereka. Saya tidak yakin mereka pernah datang untuk menyaingi dolar atau mata uang keras lainnya, tetapi ada seluruh bagian dunia yang benar-benar lapar untuk mata uang yang berfungsi yang mereka tidak dapat temukan dalam mata uang lokal mereka. Ada 140 negara di dunia, masing-masing memiliki mata uang. Mungkin dua pertiganya tidak sebanding dengan polimer atau kertas yang mereka tulis, dan bagian-bagian dunia itu bergantung pada mata uang keras. Bitcoin cryptocurrency dapat memecahkan beberapa masalah. " "Kami berbicara mungkin 10 tahun di ujung jalan," dia mengklarifikasi. The Trump diangkat, seperti dilaporkan Detikdax , telah dijuluki "CryptoDad" untuk kesaksian kongresnya di mana ia menyarankan legislator untuk tidak mengabaikan cryptocurrency dari tangan hanya karena menarik lebih banyak investor muda. Namun, ia juga percaya bahwa regulator memiliki kewajiban untuk mengambil pendekatan "bijaksana" untuk menyetujui produk cryptocurrency, bahkan jika itu berarti bahwa AS tidak menjadi pemimpin dalam setiap aspek pengembangan industri blockchain. "Tidak ada pertanyaan bahwa Amerika Serikat memimpin di sejumlah bidang," katanya, merujuk pada pasar derivatif bitcoin AS yang sedang berkembang, "tetapi ada area lain serta inovasi di mana saya pikir masuk akal bagi kami untuk mengambil sedikit lebih dari pendekatan yang bijaksana dan cerdas, seperti yang dilakukan Kongres AS 20 tahun lalu di awal-awal internet. ” Read the full article
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Cryptocurrency is ‘Here to Stay’: CFTC Chairman Giancarlo
New Post has been published on https://cryptolive.club/cryptocurrency-is-here-to-stay-cftc-chairman-giancarlo/
Cryptocurrency is ‘Here to Stay’: CFTC Chairman Giancarlo
Bitcoin may never replace the greenback, but the flagship cryptocurrency could achieve significant adoption in the two-thirds of countries without stable currencies. That statement might sound like a thesis put forward by an early bitcoin adopter, or perhaps a forward-thinking hedge fund
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#CFTC Chief aka ‘#Cryptodad’ to Retire When Term Expires Next Year https://www.ccn.com/cftc-chairman-j-christopher-cryptodad-giancarlo-to-retire-after-term-ends-in-2019/
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FREE preview of what mybitology.com will provide to you daily/weekly for ALL major cryptocurrencies for ONLY $1.99/mth! Happy #maythe4thbewithyou ! #cryptocurrency #crypto #cryptodad #cryptonews #btc #trx #ltc #xvg
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Doing important stuff for The Empire! #mandalorian #cryptodad #mestiza (at Kumon)
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Crypto investment firm CoinFund has onboarded a former leader in the U.S. regulation space to its advisory board. Per a January 13 announcement shared with The Block, former Commodity Futures Trading Commission chair J. Christopher Giancarlo will join CoinFund as a strategic advisor. “It’s pretty high-level strategy," Giancarlo tells The Block, explaining that he hopes he "can help them peer into the future a bit." In particular, Giancarlo emphasized his work with brokerage firm GFI Group, and especially its 2005 initial public offering, as critical to his understanding of how to shepherd firms through investment rounds. Of the current market for investment in crypto, Giancarlo acknowledged a single overarching trend: "There’s a lot of capital chasing a lot of deals.” One beneficiary of this is CoinFund. The firm saw significant expansion over the course of 2021, launching a new fund focused on decentralized finance and helping to launch Metaversal, a holding company that invests in non-fungible tokens. Giancarlo himself is no stranger to the world of crypto, earning the moniker of "Crypto Dad" owing to his favor towards the industry during his time at the CFTC. He would subsequently launch the Digital Dollar Project, which advocates for a U.S. central bank digital currency. Later, the CryptoDad nickname would appear as the title of a book he released near the end of 2021. As CoinFund's president, Christopher Perkins, said in a statement: “Chris was a driving force in supporting innovation at the CFTC, and continues to serve as a trailblazer and advocate for thoughtful crypto policy in the United States." ————————————————————————- Like| Comment| Follow| share Are you a crypto trader/investor? Follow @cryptoworldpage Any questions | Comment below ⬇️ OR slide in our DM ————————————————————————- #cryptoworldpage #bnb #cryptocurrency #crypto #nftcollector #cryptoworldwide #btc #blockchaintechnology #meta #btcnews #altcoinnews #nftdrop #coinbasewallet #dogecoin #blockchaintechnology #nft #eth #shibaarmy #blockchainnews #cryptonewsdaily #metaverse #cryptoinfo #altcoin #cryptonews24 #cryptonews #cryptoinvestor #cryptoworld https://www.instagram.com/p/CYs07lKoXdX/?utm_medium=tumblr
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#dailycryptoupdate #cryptonews #crypscrow #government #backed #cryptocurrency #fundcreation #un #facebook #radical #btc #apple #iphone #crypto #cumberland #jasonleung #leave #ussenate #cftc #cryptodad #guancarlo #grin #hardfork https://www.instagram.com/p/ByYGyDMgwR7/?igshid=1ud6b3ksdv1hr
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One of the joys of working for oneself is what you spend time on... #cryptodad #production #fashion #beauty #btc $btc (at Donne Ashlock Studio)
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