Former CFTC Chairman called for a digital currency version of the US dollar

Christopher Giancarlo, former chairman of the US Commodity Futures Commission (CFTC), and Daniel Gorfine, who was the chief innovation officer of the CFTC, today jointly issued a paper in the Wall Street Journal calling for the creation of a digital currency version of the US dollar. According to Giancarlo, the digital dollar will be based on a blockchain, approved by the government, created and maintained by independent NGOs, and operated by banks and other trusted payment institutions.