CryptoDad

Just as the Internet changed everything we know about social relationships, retail shopping, information gathering, and work and play, a new wave—an Internet of Value—is about to completely transform financial services, including the most valuable thing of all: money. In CryptoDad: The Fight for the Future of Money, the accomplished former Chairman of the U.S. Commodity Futures Trading Commission delivers an insightful and groundbreaking account of the rise of Bitcoin, crypto, and central bank digital currency.

Dubbed CryptoDad for his celebrated call on Congress to respect a new generation’s interest in cryptocurrency, J. Christopher Giancarlo provides a dramatic, eyewitness view of his efforts during the Obama and Trump Administrations to modernize oversight of America’s antiquated financial markets. Seeing the greatest danger to America’s future in Washington’s focus on the past, he urges courageous new leadership to harness the digital reordering of the global economy and the coming future of money.

CryptoDad tells the story of Giancarlo’s oversight of the world’s first regulated market for Bitcoin derivatives, an action that ventured domestic political fallout and engendered some global derision. Yet, by braving the political risk of greenlighting the debut of Bitcoin futures, the CFTC provided regulatory certainty essential for today’s burgeoning crypto industry.

CryptoDad also explains in simple and understandable language the workings of Bitcoin, cryptocurrency, and a future digital Dollar. Mixed with these explanations are exciting “you are there” stories of his five-year journey through the centers of financial power in Washington and London, Brussels, and Hong Kong—and, yes, the Oval Office.

Asserting that money is too important to be left to central bankers, CryptoDad is a clarion call for democratic society to ensure that the social values that are enshrined in the Dollar today—values like individual liberty, economic freedom, personal privacy, and the rule of law—are embodied in the digital future of money.

CryptoDad brims with faith and confidence in free market innovation and economic renewal, a perfect book for anyone interested in financial market regulation that balances entrepreneurship, sound policy, regulatory oversight, and courage to allow new digital technologies to flourish and change the world around us.