J. Christopher Giancarlo, the chairman of the Commodity Futures Trading Commission (CFTC) stated in an interview with CNBC that cryptocurrency is “here to stay,” even if it never achieves the ultimate goal of becoming the world’s leading currency. “I’m not sure they ever come to rival the dollar or other hard currencies, but there’s a whole section of the world that really is hungry for functioning currencies that they can’t find in their local currencies,” he said.