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J. Christopher Giancarlo

J. Christopher Giancarlo

Former Commissioner of the Commodity Futures Trading Commission of the United States

May 5, 2026

7:16
You know where I'm going here, right? You nailed it.
7:17
The They didn't need a digital...
7:20
Canadian currency is called the loonie.
7:22
They didn't need a digital loonie to be able to block people from spending their money in a way that those people wanted to spend their money, to protest government policy.
7:31
And so, you know, we fear... central bank digital currency, that it could be a tool of government repression, but the existing system is a tool of government repression.
7:41
I'm one of those who actually, maybe I'm Pollyannish, but I believe that if we were to get a digital money right, it could be a freedom instrument.
7:49
In fact, I say... that if the United States were to encode privacy rights into digital money, we're going to win the future because the world will aspire to holding digital dollars that protect their privacy as opposed to holding Canadian money where the government can restrict their rights or a digital yuan, the Chinese ECNY, which is designed to be a control instrument.

5 MINS LATER

13:44
I mean, how are U.S. banks currently kind of being boxed out by Washington's slow pace?

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