Ex-CFTC Chair Calls White House Plan Letting Firms Hack Cybercriminals ‘Just About Right’

Chris Giancarlo , the former CFTC chairman who proposed hiring private hackers to go after crypto thieves, said the narrower program the White House ordered in August is “a very mature, thoughtful document.” Reading the memo, Giancarlo said on Unchained in an episode recorded Oct. 26, he almost went back and asked, “Wow, did we embarrass ourselves by proposing this privateer issue without any of these restrictions that are placed here?” Acknowledging that “some may argue it doesn’t go far enough,” he added, “I like the idea of starting small and building from there, and I quite frankly think that this has probably got it just about right for the time being, and then let’s see where it goes.” Get Unchained’s crypto news in your inbox with the free Unchained…

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