Former CFTC Staff Member Working on Digital Dollar

Former Chairman of the Commodity Futures Trading Commission (CFTC) J. Christopher GIANCARLO created the non-profit Digital Dollar Foundation and works with Accenture to study the Central Bank digital currency (CBDC). Recall that among the other founders are Charles GIANCARLO and Daniel GORFIN, who was previously the first CFTC Innovation Director and LabCFTC Director. As Giancarlo comments:

“The digital 21st century is underserved by an analog reserve currency. A digital dollar would help future-proof the greenback and allow individuals and global enterprises to make payments in dollars irrespective of space and time.”

The goals of The Digital Dollar Foundation, a non-profit fund is to stimulate a digital American currency that meets Federal Reserve requirements and help create an inclusive global financial system to meet the needs of the new digital world.

One of the foundation’s main partners is Accenture, a leading consultant. With Accenture on a board, they will be able to create a plan and outline possible steps to develop a digital dollar. Accenture has experience working with the Bank of Canada, the Monetary Authority of Singapore, the European Central Bank and the Swedish bank Riksbank.

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