Digital Dollar
Digital Dollar May Pose 'Significant Risk,' Fed Governor Bowman Says
Governor Michelle Bowman suggests other payments services, including FedNow, may do a CBDC's job better, and she's also suspicious of the dangers of stablecoins.
U.S. CBDC Efforts Opposed in Legislation Advanced by House Republicans
The House Financial Services Committee approved a bill meant to prevent a U.S. central bank digital currency.
Dueling Digital Dollar Bills Debated in Congressional Hearing on U.S. CBDC
House Republicans want to ban U.S. CBDCs before they’re even formally proposed by the Federal Reserve, but one senior Democrat is pitching a bill that goes the other way.
U.S. Fed’s Vice Chair Barr Says CBDC Decision Still a ‘Long Way’ Off
Michael Barr, who leads the central bank’s regulatory efforts, said the Fed remains in the basic research phase and would need actual legislation from Congress to authorize the move.
What the Federal Reserve's 'FedNow' Instant Payment System Could Mean for Crypto
The U.S. Federal Reserve launched a new instant payment service called FedNow. The central bank has also denied it is tied to any digital U.S. dollar initiative. Aaron Klein, Brookings Institution senior fellow in economic studies and former deputy assistant secretary for economic policy at the Treasury Department, shares insights into the FedNow system and its significance to the crypto sector.
Christopher Giancarlo: Fight for the Future of Money in the U.S.
Christopher Giancarlo, the former chair of the CFTC, also known as ‘Crypto Dad’ said the U.S. is resisting digitization of the dollar due to it being a threat to the country’s dominance over the traditional financial system. Central Bank Digital Currencies or CBDCs are the future of money and countries that resist innovation will become irrelevant in the global financial landscape, said Giancarlo who is also the founder of the Digital Dollar Project. In a Word on the Block interview with Forkast Editor-in-Chief Angie Lau, Giancarlo expressed his disappointment over Washington’s hostility towards cryptocurrencies. His comments come in light of the recent enforcement actions against crypto by the U.S. Securities and Exchange Commission.
Le théâtre politique réactionnaire des interdictions des CBDC
Le jury ne sait pas si les avantages l’emportent sur les risques des monnaies numériques des banques centrales, mais entraver la recherche et adopter une législation prématurée a ses propres inconvénients.
The Reactionary Political Theater of CBDC Bans
The jury is out on whether the benefits outweigh the risks of central bank digital currencies, but stymying research and passing premature legislation comes with its own harms.
O teatro político reacionário das proibições do CBDC
O júri ainda não decidiu se os benefícios superam os riscos das moedas digitais do banco central, mas impedir a investigação e aprovar legislação prematura traz os seus próprios danos.
El teatro político reaccionario de las prohibiciones de CBDC
Aún no se sabe si los beneficios superan los riesgos de las monedas digitales de los bancos centrales, pero obstaculizar la investigación y aprobar leyes prematuras conlleva sus propios daños.