On this episode: Cryptocurrency has evolved from a niche experiment into a disruptive force with global implications—and U.S. financial institutions, lawmakers, and regulators are working to establish clear crypto-related policy. In this episode, we unpack the state of crypto policy in 2025: The political realignment around digital assets, the rapid growth of stablecoins, the future of tokenized securities, and the debate over whether the U.S. should adopt a central bank digital currency or establish a strategic Bitcoin reserve.

Our guest is former CFTC Chairman Chris Giancarlo , who severed in that position from 2017 to 2019. Known to many online as "CryptoDad," today Giancarlo helps lead the Digital Dollar Project, which advocates for a thoughtful exploration of a U.S. digital currency. With deep insight into both public and private sector shifts, he helps us break down where policy could be headed, what setbacks could be on the horizon, and the implications of America's approach.

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*On The Ballot is a conversational podcast featuring interviews with guests across the political spectrum. The views and opinions expressed by them are solely their own and are not representative of the views of the host or Ballotpedia as a whole.