U.S. Legislation on Stablecoins and CBDCs: Impact on the Future of Money
By
Qem
The bagel they save for the regulars. Don't skim, savour.
Summary
The article discusses recent legislative actions in the U.S. related to stablecoins and central bank digital currency (CBDC), questioning the Republican stance on CBDCs and the implications for the future of money.
Key quotes
· 2 pulled"Why are Republicans so terrified by the idea of a CBDC that they’re literally ordering the Fed to stop even thinking about it?"
"In 2022 the Fed issued a preliminary report on the possibility of creating a CBDC, which it described as 'analogous to a digital form of paper money.'"
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