Ex-CFTC Heads Warn of Digital Challengers; Propose A Blockchain Dollar
Could a new-fangled digital currency move the US dollar’s cheese? “Complacency in the face of this threat risks lasting damage to the U.S. economy,” warn the former CFTC officials.
In an op-ed for the Wall Street Journal, J. Christopher Giancarlo and Daniel Gorfine recommend a digital blockchain dollar. They say that recent developments in digital currencies threaten the dollar’s pre-eminent status as a global reserve currency.