CryptoDad The Fight for the Future of Money

An insider's account of the rise of digital money and cryptocurrencies

Dubbed "CryptoDad" for his impassioned plea to Congress to acknowledge and respect cryptocurrencies as the inevitable product of a fast-growing technological wave and a free marketplace, Chris Giancarlo is considered one of "the most influential individuals in financial regulation." CryptoDad: The Fight for the Future of Money describes Giancarlo’s own reckoning with the future of the global economy—at the intersection of markets, technology, and public policy—and lays out the fight for a Digital Dollar.

CryptoDad is Giancarlo's own personal story, detailing his forays into the world of Wall Street to his tenure as the 13th Chairman of the United States Commodity Futures Trading Commission (CFTC), where he pushed for the agency to recognize the digitization of markets. His growing fame as a Twitter presence in this essential debate has given Giancarlo a platform to makes a case for the future of cryptocurrencies as the natural successor to America’s current failing financial market infrastructure.

CryptoDad provides readers with:

• A thorough exploration of digital change and how it affects the lives of everyone in a global economy
• A revolutionary consideration of regulatory responses to the rapid pace of technological innovation
• A call to update our aging financial organizations, particularly the infrastructure of money itself, and focus on renewed faith and confidence in free market innovation
• A foreword by Cameron and Tyler Winklevoss, two of the biggest names in cryptocurrencies

CryptoDad argues that the next digital wave will be the coming Internet of Value, where cryptocurrencies will do the Internet of Information did to immaterial things: make them accessible, distributable, and movable instantly across the globe. This book is an ideal introduction to the importance of technology in the marketplace.

J. CHRISTOPHER GIANCARLO is a renowned blockchain technology advocate and key contributor to the global discourse on cryptocurrencies and digital assets. He served as the 13th Chairman of the United States Commodity Futures Trading Commission. Giancarlo was first nominated by President Obama and again nominated by President Trump, each time unanimously confirmed. Today, Giancarlo is Senior Counsel to the international law firm, Willkie Farr & Gallagher and a Co-founder of the Digital Dollar Project, a not-for-profit initiative to advance exploration of a U.S. central bank digital currency.

Foreword ix

Preface xiii

Introduction xvii

Part I Opening Laps 1

Chapter 1 Down in the Swaps 3

Chapter 2 Starting Grid 19

Chapter 3 Heading Down the Highway 35

Chapter 4 Scanning the Horizon 49

Chapter 5 Meeting the Locals 69

Part II Reading the Dashboard 83

Chapter 6 Taking Hold of the Wheel 85

Chapter 7 Bitcoin Approaches the Beltway 115

Chapter 8 Go Time 135

Part III Slipstream 159

Chapter 9 Facing Resistance 161

Chapter 10 "CryptoDad" 179

Chapter 11 The Oval Office 193

Chapter 12 The Road Goes On 203

Part IV Finish Line 227

Chapter 13 Last Laps 229

Chapter 14 Checkered Flag 243

Chapter 15 The Winding Crypto Road 253

Chapter 16 Digital Dollars 279

Conclusion: Roadside Thoughts 307

Postscript 321

Appendix: Remarks of CFTC Chairman 323

Notes 335

Acknowledgments 359

About the Author 367

Index 369

Historical Bitcoin Prices 386

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