Several House bills are racing to head off a CBDC in the U.S., though a key Democrat wrote one that would set up a CBDC pilot. A Thursday hearing is set to hash out the implications of a government token, though there’s little headway in the Biden administration toward actually suggesting one.
The idea of a digital dollar in the U.S. is so egregious to Republican lawmakers that it’s become a presidential campaign talking point and the subject of multiple bills to strangle it before it takes a first breath. But Rep. Stephen Lynch (D-Mass.) reintroduced a bill Thursday calling for the exact thing they’re trying
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