2019-9-18 16:00 |
Former CFTC chairman Christopher Giancarlo has joined the advisory board of the Chamber of Digital Commerce. origin »
|
The fact investors buy XRP for different reasons means it's more like a new form of currency than it is a security, says former CFTC head Christopher Giancarlo.
"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.
By CCN. com: J. Christopher Giancarlo, the retiring chairman of the CFTC, expects a massive spike in interest in cryptocurrencies with the launch of bitcoin futures products. Giancarlo made the remarks in a May 1 speech before a Congressional committee.
CFTC Chair Christopher Giancarlo said the cryptocurrency market will mature as institutional investors enter the space.
The age of digital currencies is surely upon us. That’s why cryptos like Bitcoin have received massive reception from many parts of the world. At the moment, a huge percentage of people with access to the internet or serious business circles already know something or a lot about cryptocurrencies.
The U.S. Commodity Futures Trading Commission is "falling behind" in understanding blockchain technology, chairman Christopher Giancarlo said.