Blockchain and Cryptocurrency: People, Culture and Tech
Ripple has the distinction of being one of the largest companies in the cryptocurrency and blockchain business that is up and running and working with hundreds of customers, including a couple of major banks. Yet for all those achievements, it is among the most controversial companies in DeFi, with a host of critics.
Federal Reserve Governor Lael Brainard said Thursday a U.S. central bank digital currency won’t happen overnight. A significant policy process which the Fed has not committed to would be required to consider the issuance of a CBDC, along with extensive deliberations and engagement with other parts of the federal government and a broad set of other stakeholders.
Digital Dollar Project head Christopher Giancarlo tells the Senate that the U.S. must lead or follow on central bank digital currencies; crypto volume pumper’s manipulation business is still going strong; Bank of America okays crypto purchases with credit cards, but calls them cash advances; all U.S. Soccer players have been tokenized on a blockchain
Former Commodity Futures Trading Commission chair and “Crypto Dad” Chris Giancarlo argued forcefully in a June 17 column that XRP is not a security but a currency under U.S. law. That’s a huge, potentially life-or-death question for Ripple.
