Former Chairman of the United States CFTC: Now is the time for the Federal Reserve to issue digital currencies

Former US Commodity Futures Trading Commission (CFTC) chairman Christopher Giancarlo believes that it is time for the Federal Reserve to issue digital currencies. Giancarlo told Yahoo Finance that the Federal Reserve must issue a digital currency to compete with China's Central Bank Digital Currency (CBDC). "When we talk about digital currency, what we are talking about in the virtual world is to have the same payment immediacy as the simulated human world."