Watch > Episode > Chris Giancarlo - The Fight for the Future of Money: CryptoDad Talks Blockchain Innovation

Chris Giancarlo - The Fight for the Future of Money: CryptoDad Talks Blockchain Innovation

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Former Chairman of The US Commodity Futures Trading Commission

Regulation has emerged as one of the hot topics in the crypto and DeFi sector and with good reason.

We find ourselves on the cusp of a huge shift in the very nature of financial services that is unlike anything we have seen in living memory. Our whole infrastructure, systems, policies and practices are under scrutiny and in many ways no longer fit for purpose in this burgeoning digital age we now find ourselves.

The way we conduct business, invest, trade and spend our money is changing, but with that innovation comes many questions about how our new world will look, and why we must make the right decisions now.

This makes today’s guest a very welcome addition to the London Real slate of experts and influencers. The Honourable Chris Giancarlo is an investor, attorney, author and blockchain technology advocate, who has been at the very forefront of the cryptocurrency conversation.

Offering a uniquely informed perspective on cryptocurrency and decentralised financial regulation, Chris Giancarlo is without question, one of the most influential people in financial regulation and was named as such by the International Financial Law Review and his highly sought after views and perspective on cryptocurrencies and digital assets are regularly featured in The Wall Street Journal, The Financial Times, and on Bloomberg, Fox News and CNBC.

He rose to prominence as the 13th Chairman of the United States Commodity Futures Trading Commission having first been nominated as a CFTC Commissioner by President Barack Obama and unanimously confirmed in 2014. He was subsequently nominated as CFTC Chairman by President Donald Trump and again unanimously confirmed in 2017. It was during this time that Chris testified twenty times before the US Congress and the UK and European Parliaments.

It was during one particularly impassioned plea to Congress that Chris went viral and #cryptodad was born.

Chris was recommending due acknowledgement and respect be afforded to cryptocurrencies as the inevitable product of a fast-growing technological wave and a free marketplace – something which caused him some criticism and ridicule in the corridors of power.

As a father of three college-age children, Chris famously asked the members present to consider a balanced response to the rise of virtual currencies as something “we owe the younger generation”.

Since that time Chris has gone one step further. His fascinating book CryptoDad: The Fight for the Future of Money takes an in-depth look at the future of the global economy and considers the relevant and necessary regulatory responses to the rapid pace of technological innovation we now see before us.

Chris argues that “money is too important to be left to central bankers” – and highlights the growing distrust people have for traditional financial institutions and systems. That idea of trust is something that is at the very core of cryptocurrency and decentralised finance and we now have the opportunity to create a more inclusive, transparent ecosystem that benefits people all over the world.

For Chris, the regulators are caught at a crossroads and are grappling with how to respond to the pace of innovation. There can be little doubt of the disruptive nature of decentralised finance and cryptocurrencies, which has left many in Washington scratching their heads.

Chris is also the co-founder of the Digital Dollar Project with the goal to encourage research and public discussion on the potential advantages of a tokenised dollar as a means to modernise financial infrastructure for the dollar-based domestic and international economy of the future.

There is so much to learn and take in and it’s imperative that every one of you, including your family and friends, understand just how this could impact your life.

As Chris himself points out, the future of finance is blockchain-based and the future of money is going to be a digital currency.

I believe that DeFi and blockchain will completely revolutionise the way we as consumers understand and interact with our money. It is a chance to create Financial Freedom and be a part of something, to engineer a better and more inclusive future for billions of people around the world.

This is why my team and I have decided to go “ALL IN” on Decentralised Finance and my Crypto & DeFi Academy is where I plan on spending the next 10 years teaching, understanding, broadcasting, educating, investing in, profiting from and transforming this exciting new marketplace.

I’m looking for partners, collaborators, and colleagues who want to join forces with us and create real value and generational wealth. It is an opportunity you don’t want to miss! Find out more about our Crypto & DeFi Academy and apply today to be part of the future of finance.

This opportunity is something I firmly believe many will look back on in years to come and say how did I miss that? Where was I when this was happening? Make sure you are not one of those people.

Today’s interview with Chris Giancarlo will shed much-needed light on the current state of play, while also highlighting what we can expect moving forward in terms of regulation, government policy and attitudes, and how this digital era will impact traditional finance and the importance of a digital dollar.

Download clips

A number of clips from this exclusive interview are now available to download, share and repost. Spread the word: grab these clips today!

  1. This is a whole new relationship with money
  2. The world of money and finance will be very different
  3. Will the legacy financial systems catch up?
  4. SEC CTFC and Crypto
  5. Why Bitcoin is a commodity
  6. The future of financial inclusion
  7. Crypto policy administration in the USA
  8. What is the digital dollar?
  9. We need to put restrictions on digital money
  10. The weaponisation of money
  11. Get a wallet and buy some Bitcoin
  12. This is the fight of our lives right now
  13. Derivatives are the power tool of finance

Chapters

00:00 | Trailer.
02:43 | Brian’s introduction.
03:43 | How a conversation with his kids showed him the generational aspect of Crypto.
09:34 | Why Chris Giancarlo gained the nickname CryptoDad when he was called before the Senate Banking Committee.
15:56 | This financial change could be 10x bigger than the introduction of the internet.
20:30 | Whilst the institutions have yet to adopt Bitcoin, what, in 2017, Chris did regarding regulating the Bitcoin futures with the CFTC.
31:38 | Bitcoin is a commodity but is Ethereum?
34:59 | How Crypto solves the four shortcomings of the last 400 years of financial transactions.
39:35 | Some say “Keep the money clean”, others say don’t include AML KYC, but what does Chris think?
47:51 | How the Biden administration is looking at a crypto administration policy.
51:31 | What a Digital Dollar is and what China is building.
56:18 | The US has an ace to play and if they play it well the future is in western economies and if played poorly, we will lose economic liberty.
1:01:05 | In a capitalist economy what do freedoms of assembly, religion and speech mean without economic freedom.
1:07:33 | His view on how the US Dollar has been weaponised in the Russia-Ukraine war.
1:11:28 | What Chris Giancarlo is doing now to make the biggest impact.
1:14:09 | Besides reading his book CryptoDad – The Fight for the Future of Money, how else can people become better informed about Crypto?
1:15:14 | The open and enclosed Metaverse.
1:19:16 | What a Derivative is, why it is neither good nor bad and what part they will play in crypto currency.
1:28:21 | How to contact Chris Giancarlo and obtain a copy of his book.
1:28:44 | Brian’s summing up.

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