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In this episode, Laura Shin speaks with former CFTC chairman Chris Giancarlo and former CFTC chief innovation officer Daniel Gorfine on the pressing need for the U.S. to safeguard the dollar. They explain why they believe the future of regulation is the government operating\xa0nodes on blockchains rather than regulating intermediaries, why even private USD stablecoins will want a USD central bank digital currency, and how China might export the technology behind the digital yuan\u2014and its surveillance capabilities\u2014to other countries. They also touch on how the upcoming U.S. elections could influence crypto policy, why stablecoins are more than just trading instruments, and what the U.S. must do to maintain its financial leadership.\nShow highlights:\n\nHow governments should embrace blockchain technology to become better at its job, according to Chris\n\nHow the financial system needs to change for the younger generations\n\nWhether the U.S. is losing ground in terms of innovation\n\nWhy Daniel thinks stablecoins are much more than a trading instrument for crypto\n\nWhy Daniel believes that the U.S. is making the regulation of stablecoins \u201cfar more complicated than it needs to be\u201d\n\nHow Singapore is already giving licenses to USD stablecoin issuers\n\nWhether the dollar should be trademarked to protect it\n\nHow Tether has become one of the most profitable companies per employee in history without being under U.S. jurisdiction\n\nWho should be the next chair of the SEC and the need to regulate DeFi in order for it to become mainstream\n\nWhy Daniel thinks that some of the criticism of the FIT21 bill \u201cdoesn\u2019t hold water\u201d\n\nWhy Chris believes that China is lying about not intending to export the technology behind the digital yuan\n\nWhether algorithmic stablecoins should be banned, as proposed in the Lummis-Gillibrand bill\n\n\nVisit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com\nFirst Bits + Bips episode: Bits + Bips: Does Macroeconomics Point to a Potential Crypto Supercycle?\nThank you to our sponsors!\n\nPolkadot\n\nVaultCraft\n\nGuests:\n\n\nChris Giancarlo, Former Chairman of the US Commodity Futures Trading Commission, author of CryptoDad\n\nForbes: \u2018Elizabeth Warren\u2019s Anti-Crypto Wing Is A Shrinking Iceberg\u2019, Says Former Top Regulator\n\n\nFoxBusiness Interview: Elizabeth Warren and others have declared war on cryptocurrency: Chris Giancarlo\n\n\nOp-ed in the FT Banking Risk & Regulation: Can CBDCs be made safe for democracy?\n\n\n\nDaniel Gorfine, Founder & CEO of boutique advisory firm Gattaca Horizons, former Chief Innovation Officer at the U.S. CFTC, and adjunct professor at the Georgetown University Law Center\n\nOpinion: Stablecoin and other digital assets are falsely framed as a choice between personal privacy and national security. We can have both. - MarketWatch\n\nBuilding digital infrastructure for the future of finance\n\n\nLinks\nStablecoins:\n\n\nStablecoins Are Defense Tech by Morgan Beller\xa0\n\nUnchained:\xa0\n\nOpinion: Regulated Dollar Stablecoins Created by a Proposed New Senate Bill Would be Crypto\u2019s Ultimate Trojan Horse\xa0\n\n\nTether's Record $4.5 Billion Q1 Profit Highlights Its Dominance of the Stablecoin Industry\n\nSAB 121\nUnchained: President Biden Vetoes SAB121 Repeal\n\nFIT21\n\nUnchained: FIT21 Bill Heads to The Senate: Should We Really Be Excited?\n\nSpot Ether ETFs\nUnchained: Analysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a Security\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices