CBDCs, stablecoins must ensure liberty-based values — former CFTC chair
J. Christian Giancarlo has stressed the importance of upholding values of liberty, privacy and economic freedom in a keynote address in London.
The former head of the United States Commodities and Futures Trading Commission (CFTC) has urged central bank digital currencies (CBDCs) and stablecoins to uphold values based on liberty by design.
J. Christian Giancarlo, who chaired the CFTC between 2014 and 2019, stressed the need for CBDCs and stablecoins to ensure privacy and censorship resistance during a keynote address at the FT Live Crypto and Digital Assets Summit.
Giancarlo drew a comparison to the early days of the internet, saying that 30 years ago, nations like the U.S., England and other leading democracies enabled the “internet of information,” reflectin the values of open and free societies.
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