March 27, 2020 The Digital Dollar Foundation hires Ex-Treasury and CFTC employees to its board.

The Digital Dollar Foundation, a project aiming to digitize the US Dollar has hired ex-Treasury and Commodity and Futures Trading Commission (CFTC) officials to serve on its board. The project was started by Christopher Giancarlo, the previous chairman of the CFTC and Daniel Gorfine in collaboration with the professional services company, Accenture. The Foundation announced the new hires on Thursday, who will be working on the framework for the digitized dollar, and includes a previous undersecretary for the Treasury for Terrorism and Financial Intelligence, an advisor for U.S. President and a former commissioner of the CFTC among others. The project aims to release its whitepaper in Q2 2020. The announcement comes amid growing calls for a digital dollar, with a House of Representatives bill earlier this week calling for the creation of such an initiative in wake of the COVID19 fallout, which was later removed and a similar proposal put forward in a draft US Senate bill.