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last month the digital dollar project and the depository trust and Clearing Corporation or dtcc tested the trading of stocks using a central bank digital currency or cbdc specifically a digital US dollar the test included some of the largest financial institutions in the world such as Bank of America Citibank and Wells Fargo and it's the first of many that will be conducted on the road to a digital dollar so today I'm going to tell you everything you need to know about the digital dollar project summarize a few of the findings from its first cbdc test and tell you what it could mean for the crypto Market the digital dollar project was founded by Christopher Giancarlo now if that name sounds familiar that's because Christopher is well known in the crypto industry and is colloquially referred to as crypto dad by many in the crypto community this is because Christopher used to be the chairman of the United States's commodity Futures Trading commission or cftc and was one of the few U.S Regulators who was vocally Pro crypto Christopher was the chairman of the cftc between 2017 and 2019 right at the peak of the previous crypto cycle and Christopher has since been very vocal in his defense of Ripple which was sued by the Securities and Exchange Commission or sec in December 2020. what's interesting is that Christopher was stating that xrp is not a security as early as June 2020 months before the lawsuit against Ripple was filed for anyone wondering SEC commissioner Hester Pierce is colloquially referred to as crypto mum and no she is not married to Christopher she's just one of the only other U.S Regulators that's been vocally pro-crypto and seems to be the only one who's pro-crypto at the SEC these days I digress now Christopher announced the digital dollar project in January 2020 although he's been the face of the project ever since it was technically co-founded by him his brother Charles Giancarlo who's the CEO of a publicly traded tech company called Pure Storage and Daniel Goffin a law professor more importantly the digital dollar project is technically a partnership between the digital dollar foundation and non-profit organization that's apparently based in New York City and Accenture an I.T services and consulting company that's based in Ireland now this is a small but significant detail because Accenture seems to have a very close relationship to the world economic Forum or weft case in point the Accenture website has an entire page about the different initiatives it's been working on with the wef such as so-called smart cities and digital ID and if you need more evidence of a closer relationship look no further than the digital dollar projects board of directors profile for David Treat David is a managing director at Accenture and his profile basically brags about his association with the weft and his active involvement in the wefts digital ID initiatives if you're still not convinced...