The Digital Dollar Project's first five pilots will launch during the next year.
Also: Did the CFTC "pop" the 2017 bitcoin bubble?
The digital dollar again appeared during a Senate hearing. However, it wasn't the focus of the hearing but just another tool that can be used to maintain U.S. hegemony.
Witnesses will discuss stablecoins and tokenized dollars during Tuesday's Senate Banking hearing on the digitization of money.
The “digital dollar” concept takes the spotlight Thursday as House Financial Services Committee members discuss how best to issue stimulus funds.
The Digital Dollar Project's first white paper describes how a two-tiered system underpinning a tokenized dollar could modernize the U.S. financial system.
Former CFTC Chair Chris Giancarlo and LabCFTC head Dan Gorfine are forming the Digital Dollar Foundation, working with Accenture to determine how best to create a U.S. central bank digital currency.
"We saw a bubble building and we thought the best way to address it was to allow the market to interact with it," said Christopher Giancarlo.
Two former ranking members of the CFTC offered up a plan for a government-sanctioned, blockchain-based digital dollar.
LedgerX claims former CFTC Chairman Christopher Giancarlo threatened the company for personal reasons, two letters obtained by CoinDesk reveal.
CFTC Chairman Giancarlo expects new firms to apply to become federally-regulated clearinghouses so they can offer crypto futures.
Speaking generally about crypto regulation, the CFTC’s chairman offered clues about the delay at bitcoin futures exchange Bakkt.
CFTC chair Christopher Giancarlo explained how DLT can be used to help the agency more efficiently regulate markets during a speech Wednesday.
The chairman of the U.S. Commodity Futures Trading Commission has spoken of the need for balance when regulating cryptocurrencies.
The Commodity Futures Trading Commission has issued a new checklist as part of the "heightened review process" it's developing for virtual currencies.