Cryptocurrency Market

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US CBDC

us-senator-introduces-bill-to-ban-direct-to-consumer-central-bank-digital-currency

US Senator Introduces Bill to Ban Direct-to-Consumer Central Bank Digital Currency

U.S. Senator Ted Cruz has introduced “legislation to prohibit the Federal Reserve from developing a direct-to-consumer” central bank digital currency (CBDC). The lawmaker warned that it “could be used as a financial surveillance tool by the federal government.” Another senator stressed: “The American people ought to be able to spend their money how they choose […]

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fed-chair-powell-provides-update-on-us-central-bank-digital-currency

Fed Chair Powell Provides Update on US Central Bank Digital Currency

Federal Reserve Chairman Jerome Powell has provided an update on the Fed’s central bank digital currency (CBDC) work in a hearing before the House Financial Services Committee. While stating that the Fed is “making progress on technological issues,” Powell stressed that “policy issues are equally important.” Fed Chair Powell on CBDC Progress During a hearing

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us-treasury-and-white-house-to-hold-regular-meetings-on-cbdcs-and-payment-innovations

US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations

On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech that a CBDC is one of several options for “upgrading the legacy capabilities of central bank money,” and

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