Christopher Giancarlo, the former chairman at the Commodity Futures Trading Commission, said at a recent forum that the Federal Reserve should introduce a digital currency; they need to do this in order to compete with the central bank digital currency being developed by China; Giancarlo recommends updating US regulatory guidelines in order to keep up with the changes that cryptocurrencies and distributed ledger technology bring to the financial ecosystem saying, “It’s going to change things dramatically and our laws need to evolve with that as they’ve done over the 90 years, now they need to evolve again.” Crowdfund Insider
