CFTC

J. Christopher Giancarlo, former CFTC chairman and senior counsel at Willkie Farr & Gallagher LLP, weighs in on the state of digital asset regulation in the U.S. "We need some degree of generational change in Washington before we get the sensible crypto legislation that we really need," Giancarlo said.

22. Sept. 2023

Former CFTC chairman and senior counsel at Willkie Farr & Gallagher LLP J. Christopher Giancarlo shares his thoughts on the potential future of a U.S. central bank digital currency (CBDC). "The real issue is...how do we future-proof the U.S. dollar?" Giancarlo said. "How do we protect democratic values of economic integrity and economic autonomy in these digital systems?"

22. Sept. 2023

The House Financial Services Committee approved a bill meant to prevent a U.S. central bank digital currency (CBDC). Former CFTC chairman and Willkie Farr & Gallagher LLP senior counsel J. Christopher Giancarlo weighs in. "There's a false choice between stablecoins and central bank digital currencies when it comes to privacy," Giancarlo said.

22. Sept. 2023

Von Laura Shin15. Sept. 2023

PayPal USD (PYUSD), the latest stablecoin pegged to the U.S. dollar, will be an Ethereum-based token offered to the company’s online-payments customers before expanding to PayPal’s Venmo app. Timothy Massad, former CFTC chairman, PayPal advisor, and current director of the Digital Assets Policy Project at the Harvard Kennedy School, discusses the broader implications, noting that PayPal's move shows "this technology could be beneficial in payments more generally."

9. Aug. 2023

PayPal is issuing a U.S. dollar-pegged stablecoin, PayPal USD (PYUSD), but what does this mean for crypto regulation in Washington, D.C.? Timothy Massad, former CFTC chairman, PayPal advisor, and current director of the Digital Assets Policy Project at the Harvard Kennedy School, discusses his reaction and the outlook for stablecoin legislation. "PayPal is saying, we think this technology could be beneficial in payments more generally...that's a good thing," Massad said.

9. Aug. 2023

Josh Sterling, former CFTC Division Director and current partner at Jones Day reacts to Semafor reporting that Binance could face U.S. Department of Justice fraud charges, although prosecutors are weighing alternatives given the risk of an FTX-style bank run. Sterling notes that criminal charges against companies are usually a "death blow" and often have "severe consequences for all stakeholders."

3. Aug. 2023

Binance may face Department of Justice fraud charges, though prosecutors are considering alternatives given the risk of an FTX-style bank run, according to Semafor. Josh Sterling, Jones Day partner and former CFTC division director, discusses the specifics of the report and the potential outcomes.

3. Aug. 2023

"CoinDesk Daily" takes a look at the top headlines in crypto today, including Worldcoin, which was co-founded by OpenAI's Sam Altman, facing new scrutiny in France. Grayscale calls for a fair process when it comes to the SEC approving spot bitcoin ETF applications. Binance files a motion to dismiss a lawsuit from the CFTC. And, an update on what FTX founder Sam Bankman-Fried's attorneys are now asking from the court.

28. Juli 2023

"CoinDesk Daily" breaks down the top crypto headlines of the day, including why dogecoin (DOGE) is rising for the second straight day. Attorneys for the U.S. Department of Justice (DOJ) ask a judge for time to produce evidence in their case against former Celsius CEO Alex Mashinsky. Binance plans to ask a court to dismiss the U.S. Commodity Futures Trading Commission’s (CFTC) suit against it. And, KuCoin responds to recent speculation surrounding layoffs.

25. Juli 2023