A former top American financial regulator dubbed “Crypto Dad” for his embrace of cryptocurrencies is setting up a think tank to promote the idea of digitizing the U.S. dollar. J. Christopher Giancarlo, who stepped down as chairman of the Commodity Futures Trading Commission last year, said he was creating the nonprofit Digital Dollar Foundation to study converting the dollar into a fully electronic currency based on blockchain, the technology that underpins bitcoin.

Source: Wall Street Journal January 16, 2020 13:03 UTC