Christopher Giancarlo delivers keynote speech at Blockworks Digital Asset Summit 2024 in London raising the question whether this new Internet of Value will truly enhance our economic liberty and financial freedom and encouraging attendees to accept the reality that modern money is changing and we must be active in innovation and proactive fight for values.
Over the past few years, the global financial landscape has undergone a significant transformation marked by the emergence and integration of digital assets.
As the world grapples with the rise of transferable digital assets— from central-bank digital currencies (CBDCs) to stablecoins — an oft-repeated concept is that national security and law enforcement will be in conflict with individual privacy. This belief is based on the idea that we have only two choices: either reveal individual identities so that governments can track and trace potentially illicit digital transactions, or preserve individual privacy and severely jeopardize law enforcement interests.
The Digital Dollar Project calls for the US to assert strong leadership in CBDC experimentation and global standard setting that is not subordinate to its economic competitors and economic adversaries. Notably, the Project does not call for ready deployment of a US CBDC—or digital dollar. How can we support deployment until we know the exact form of CBDC to be deployed?
