Former CFTC Chairman: Epidemic crisis highlights digital dollars, but not the best time to launch

Christopher Giancarlo, former chairman of the US Commodity Futures Commission (CFTC), said that the current crisis of the new crown pneumonia epidemic highlights the use of "digital dollars" and that digital dollars created to escape the crisis may have unintended consequences. Giancarlo said the United States must move seriously and wisely, and advocate for pilot programs to explore the use of digital dollars, including how to use it in a crisis. At the same time, Giancarlo emphasized that trying to launch such a large project in the crisis needs to be very cautious, and currently may not be the best time to launch digital dollars.