President Joe Biden’s Wednesday executive order on cryptocurrency outlines a range of new policy objectives and measures, including language on the climate-related effects of cryptocurrencies and on the potential for a U.S. central bank digital currency (CBDC). “We must take strong steps to reduce the risks that digital assets could pose to … climate change and…
Biden’s Crypto EO Weighs Climate Change, Ponders Digital Dollar
March 10, 2022
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Fed Paper on CBDCs Roils All Markets, Not Just Cryptos
Commentary Last Thursday afternoon, the Federal Reserve released a long-awaited report on the subject of a so-called “digital dollar.” In particular, those who do not like or trust the burgeoning Wild West of Bitcoin and its many relatives have wanted the Fed to weigh in and—in their view—take back control of the narrative of what…
Privately Issued Stablecoins Could Exist Alongside Fed Digital Dollar: Powell
January 12, 2022
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Federal Reserve Chair Jerome Powell told Senate lawmakers on Jan. 11 that there’s nothing standing in the way for privately issued stablecoins to co-exist alongside a potential Fed central bank digital currency (CBDC). During a hearing on Powell’s confirmation for a second term at the helm of the Fed, he was asked by Sen. Pat…
To Compete With China, Does the US Need a Digital Dollar?
Commentary As the U.S. dollar continues to lose its purchasing power, there are legitimate fears that its days as the global reserve currency are coming to an end. Although it is still very much the international currency of choice, the dollar, like all currencies, must move with the times. You see, the future of money…
[10:30PM TONIGHT] Live Q&A: States Roll Out Vaccine Passport Requirements; Federal Reserve Moves Towards Digital Dollar
Oregon has become the first US state requiring proof of vaccination in order to enter businesses, workplaces, and churches; and officials in Santa Clara County of California are requiring businesses to track vaccination status of all employees. And in other news, the Federal Reserve is moving closer to rolling out a digital dollar. In this…
Live Q&A: States Roll Out Vaccine Passport Requirements; Federal Reserve Moves Towards Digital Dollar
Oregon has become the first US state requiring proof of vaccination in order to enter businesses, workplaces, and churches; and officials in Santa Clara County of California are requiring businesses to track vaccination status of all employees. And in other news, the Federal Reserve is moving closer to rolling out a digital dollar. In this…
Fed Inches Closer to Developing Central Bank Digital Currency
The Federal Reserve has announced it is taking a step closer to the potential adoption of a central bank digital currency (CBDC) by ramping up its efforts to study the use of fast-evolving technologies for digital payments, with a particular focus on the opportunities and risks associated with this new type of digital dollar. “Technological…
GOP Lawmaker Urges Architects of Digital Dollar to Consider Risks to Civil Liberties
As central banks, including the Federal Reserve, are looking into implementing their own digital currencies, a Republican lawmaker warned of a key risk associated with their adoption, namely whether they could be exploited to curb civil liberties. Nations across the world are mulling developing central bank digital currencies (CBDC) to modernize their financial systems, ward…
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