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An insider's account of crypto's fight to reshape global finance

In The New Adventures of CryptoDad: The Quest for Financial Freedom in the 21st Century, former CFTC Chairman Christopher Giancarlo delivers a firsthand account of cryptocurrency's emergence from Washington's political crossfire. Drawing on his experience at the highest levels of financial regulation, Giancarlo explains how tokenization on public blockchains will transform stocks, bonds, mortgages, real estate, identity, and money itself.

The New Adventures of CryptoDad provides clear explanations of Bitcoin, stablecoins, and distributed ledgers, detailing what they are and how they represent a new phase of the Internet. Giancarlo takes readers inside pivotal meetings with world financial leaders and offers unique portraits of figures including Sam Bankman-Fried, David Sacks, Howard Lutnick, and President Trump.

Readers will also find:

• Behind-the-scenes accounts from the White House, Congress, and global financial centers including London, Tokyo, and Palo Alto
• Straightforward explanations of how the Internet of Value is transforming the architecture of banking and finance
• Insights into the political and competitive forces shaping cryptocurrency regulation across the Obama, Biden, and Trump Administrations
• An exploration of how tokenized digital assets could create a more efficient, transparent, and equitable global financial system
• Perspectives on protecting free enterprise and individual financial sovereignty against digital surveillance and centralized control
  Written for the millions of cryptocurrency investors and anyone interested in financial technology, blockchain, or Washington policy, The New Adventures of CryptoDad equips readers to understand how crypto is reshaping banking and finance and to make more informed personal financial and investment decisions.

Inhalt

Foreword xi
Preface xv
Author's Note xvii

Introduction: A Midnight Ride 1

Chapter 1: What Is Crypto? 11
Digital Network Architecture 12
Down the Rabbit Hole 16
Becoming CryptoDad 22
Software vs Hardware 26

Chapter 2: Digital Networks of Value 29
Bitcoin 31
Ethereum 37
Solana 39
XRP 41
SUI 42
Canton Coin 43
System Upgrade 46
Digital Photography 50
Fad or Future? 52
Digital Network Economies 56

Chapter 3: Stablecoins 61
The Problem with Legacy Payments 63
Tether 67
Circle 69
Paxos 71
Smart Contracts to Smart Money 72
Programmable Money 73
GENIUS 78
Run Prevention 83

Chapter 4: Crypto Killer Apps: Digital Land Records and Prediction Markets 87
Land Records 88
Predicting the Future 90
How It Works 93
Weather Forecast 96
Room for Improvement 100
Wake Up Call 104
Sports Talk: Horses for Courses 109
Cutting the Cake 111

Chapter 5: Taking a Stand 115
Legal Eagle 116
Ripple in Still Water 118
If You Fall, You Fall Alone 121

Chapter 6: The Digital Dollar Project 127
The Project 128
The Work 133
Digital Dollar Privacy 135
Future Proofing the Dollar 137
The Work Continues 139

Chapter 7: Darkness at Noon 141
In the English Countryside 141
Reviewing the Record 143
Refusing to Adapt 146
Enforcement and Prosecution 148
Debanking 151
Nonengagement 155
Lost Opportunity 156

Chapter 8: Winners and Losers 159
Too Little, Too Late 160
Generation Gap 164
Just in Time 170
Crypto Talk 171
Back to the Countryside 175
And Again 177
Under Consideration 180

Chapter 9: Bella Figura 187
Youth 187
Art 189
Naivete 196

Chapter 10: Triumphant Return 199
Policy at Start-up Speed 210

Chapter 11: Back in the Well 217
Letters of Marque 218
Back Where I Started 220

Chapter 12: An Internet of Liberty 235
State of Financial Surveillance 239
Chicken Wire or Velvet Rope 242
Privacy in the Internet of Value 246
Less Than Genius 248
"Value" of Democratic Values 249
Got It Right Before 253

Chapter 13: Changing of the Guard 259
Getting to Work 263
Clearing the Air 265
Clarity 268
The Final Mile 274

Chapter 14: Booms, Busts, and Clarity 277
Railway Booms and Busts 277
Crypto Investing 282
Convergence 286
Mainstream Adoption 292
Evolution of Finance 295

Conclusion: What Lies Ahead 299
Postscript: Erratum 312
Acknowledgments 315
About the Author 321
Index 323