Former CFTC Chairman: The current financial system is outdated

Chris Giancarlo, a former chairman of the Commodity Futures Trading Commission (CFTC), said that the current financial system is outdated and his goal is to address these issues. Giancarlo said: "In the five years I have worked on the committee, we have seen a new wave of digitization in the world. The first wave is the digitization of information, which has created the Internet as we know it today. But what we see is what some people The value is digital, or the Internet of Value. I have also been thinking about how our infrastructure-bridges, tunnels, airports-is aging and decaying. They are the most advanced in the 1950s and 1960s. Today they are far more Shelf life. Many of our financial infrastructures are also allowed to age and decline without modernization. "