Former CFTC chairman: China's central bank digital currency and Libra are "good reasons" to prioritize digital dollars

Former United States Commodity Futures Trading Commission (CFTC) chairman Chris Giancarlo said in a recent interview that plans put forward by financial institutions like Libra and the central bank's digital currency highlight the fact that the U.S. should treat these factors as a priority for the U.S. dollar Digital "good reason". The current financial structure is becoming increasingly obsolete, and the government needs to propose a structure that can completely reform and improve the current system. "We need to look at the structure of fiat currencies, and a lot of what is being developed in the market today is to address the lack of digital infrastructure for fiat currencies."