Chris Giancarlo, former chair of the U.S. Commodity Futures Trading Commission, joins us to talk about embracing digital transformation. He explains why governments need to update legacy banking infrastructure and create a more open and inclusive financial system.


00:00 Disclaimer
01:04 "Crypto Dad"
05:33 Digital generation and TradFi exclusivity
08:20 Entity-based regulation vs. activity-based regulation
11:00 The highway analogy
13:31 Financial insitutions gathering too much information
16:41 The Empire Strikes Back
18:58 No clear message from Washington
21:07 Countries getting it right
22:38 Achieving financial liberty and protecting individual privacy
26:00 How institutions can compete with an open financial system
28:43 The Fed engaging the private sector
31:22 What Chris Giancarlo would like to see happen