At an event at the NYU Stern School of Business, Christopher Giancarlo, former CFTC Chairman and co-founder of the Digital Dollar Foundation, discusses his proposal for a US central bank digital currency (CBDC), and how that fits into the broader geopolitical environment. We cover: <ul> <li style="font-weight: 400;">Why he has focused on pushing for a US digital dollar after leaving the CFTC</li> <li style="font-weight: 400;">How a US CBDC would be different from other stablecoins</li> <li style="font-weight: 400;">How the proposal is designed to build off of the traditional banking infrastructure</li> <li style="font-weight: 400;">What pilot programs would look like</li> <li style="font-weight: 400;">How a digital dollar would foster economic inclusion even though using the digital dollar requires owning a smartphone</li> <li style="font-weight: 400;">How it would handle privacy</li> <li style="font-weight: 400;">How the network would be secured</li> <li style="font-weight: 400;">Whether the US is falling behind China in terms of central bank digital currencies and blockchain exploration</li> <li style="font-weight: 400;">Whether Libra will be a proxy for the digital dollar</li> <li style="font-weight: 400;">How COVID-19 has affected the discourse around a digital dollar</li> <li style="font-weight: 400;">Whether the election will affect the future of the digital dollar</li> </ul> Unchained is hiring! Check out our job listing for a remote editorial assistant here! <a href= "https://unchainedpodcast.com/seeking-remote-editorial-assistant/">https://unchainedpodcast.com/seeking-remote-editorial-assistant/</a> Thank you to our sponsors!  <a href="http://crypto.com/">Crypto.com</a>: <a href= "https://crypto.com/">https://crypto.com</a> Kelman Law: <a href= "https://crypto.law/">https://crypto.law</a>   Stellar: <a href= "https://www.stellar.org/">https://www.stellar.org</a> Episode links:  Chris Giancarlo: <a href= "https://twitter.com/giancarloMKTS?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor"> https://twitter.com/giancarlo</a> Digital Dollar Project : <a href="https://www.digitaldollarproject.org/">https://www.digitaldollarproject.org</a> Previous Unchained interview with Chris: <a href= "https://unchainedpodcast.com/christopher-giancarlo-on-the-craziness-of-becoming-crypto-dad/"> https://unchainedpodcast.com/christopher-giancarlo-on-the-craziness-of-becoming-crypto-dad/</a>  Chris and Daniel Gorfine’s WSJ op-ed advocating for a digital dollar: <a href= "https://www.wsj.com/articles/we-sent-a-man-to-the-moon-we-can-send-the-dollar-to-cyberspace-11571179923"> https://www.wsj.com/articles/we-sent-a-man-to-the-moon-we-can-send-the-dollar-to-cyberspace-11571179923</a> Digital dollars in stimulus bills — March: <a href= "https://www.coindesk.com/house-stimulus-bills-envision-digital-dollar-to-ease-coronavirus-recession"> https://www.coindesk.com/house-stimulus-bills-envision-digital-dollar-to-ease-coronavirus-recession</a>  April: <a href= "https://www.coindesk.com/digital-dollar-reintroduced-by-us-lawmakers-in-latest-stimulus-bill"> https://www.coindesk.com/digital-dollar-reintroduced-by-us-lawmakers-in-latest-stimulus-bill</a> Pew Research on smartphone adoption: <a href= "https://www.pewresearch.org/internet/fact-sheet/mobile/"> https://www.pewresearch.org/internet/fact-sheet/mobile/</a> FDIC survey on the unbanked and underbanked: <a href= "https://www.fdic.gov/householdsurvey/2017/2017execsumm.pdf"> https://www.fdic.gov/householdsurvey/2017/2017execsumm.pdf</a> Banks keeping some of customers’ stimulus money: <a href= "https://www.nytimes.com/2020/04/16/business/stimulus-paychecks-garnish-banks.html"> https://www.nytimes.com/2020/04/16/business/stimulus-paychecks-garnish-banks.html</a> Why a digital dollar is politically more feasible at this moment than before: <a href= "https://www.coindesk.com/the-overton-window-opens-for-a-digital-dollar"> https://www.coindesk.com/the-overton-window-opens-for-a-digital-dollar</a> Ohio Senator Sherrod Brown also proposes digital dollar: <a href= "https://www.coindesk.com/us-senate-floats-digital-dollar-bill-after-house-scrubs-term-from-coronavirus-relief-plan"> https://www.coindesk.com/us-senate-floats-digital-dollar-bill-after-house-scrubs-term-from-coronavirus-relief-plan</a>  Philadelphia Fed paper: <a href= "https://www.philadelphiafed.org/-/media/research-and-data/publications/working-papers/2020/wp20-19.pdf"> https://www.philadelphiafed.org/-/media/research-and-data/publications/working-papers/2020/wp20-19.pdf</a> Receptivity in Congress to the idea of a digital dollar: <a href= "https://www.coindesk.com/how-a-flurry-of-digital-dollar-proposals-made-it-to-congress"> https://www.coindesk.com/how-a-flurry-of-digital-dollar-proposals-made-it-to-congress</a> Libra white paper: <a href= "https://libra.org/en-US/white-paper/#cover-letter">https://libra.org/en-US/white-paper/#cover-letter</a> Congressional hearing on using FedAccounts and for stimulus: <a href= "https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=406612"> https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=406612</a>

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Christopher Giancarlo: Why the US Needs to Have a Digital Dollar - Ep.177

Laura Shin