Digital Dollar


Policy

US Fed Chair Says Private Entities Should Not Help Design Central Bank Digital Currencies

Federal Reserve Chairman Jerome Powell said central banks should design and implement CBDCs, not private entities.

Federal Reserve Chairman Jerome Powell

Policy

Digital Dollar? Get Real, Financial Inclusion Advocates Tell Congress

Currently just a flashy idea, the digital dollar is competing with duller but proven methods for the job of getting stimulus funds to every U.S. resident.

(Shutterstock, modified using Photomosh)

Tech

National Science Foundation Funds Research Into Crypto Dollars

The National Science Foundation has given blockchain startup KRNC $225,000 to design cryptocurrency features for the U.S. dollar.

Credit: Wikimedia Commons (modified using PhotoMosh)

Policy

WATCH: US Lawmakers Talk Digital Dollar, FedAccounts in Thursday Hearing

The “digital dollar” concept takes the spotlight Thursday as House Financial Services Committee members discuss how best to issue stimulus funds.

Credit: Shutterstock (modified using PhotoMosh)

Markets

Digital Dollar Project Calls for 2-Tiered Distribution System in First White Paper for US CBDC

The Digital Dollar Project's first white paper describes how a two-tiered system underpinning a tokenized dollar could modernize the U.S. financial system.

DIGITAL DOLLARS: Former CFTC Chairman Christopher Giancarlo said building a digital dollar could take years, but work needs to start now to achieve this.

Policy

How the COVID-19 Crisis Revived the Digital Dollar Debate

Some Americans are still waiting for stimulus support. Would a digital dollar have helped disburse funds? Here's a breakdown of the debate.

Under one proposal, U.S. citizens would be gifted a digital wallet, called a FedAccount, maintained by the Federal Reserve. (Credit: Houston Federal Reserve by Random Sky on Unsplash)

Policy

Digital Dollars Give the State Too Much Control Over Money

Arming the Federal Reserve with a digital dollar would harm the free market, says Max Raskin, an NYU adjunct professor of law.

Federal Reserve Chair Jerome Powell

Policy

Digital Dollars Can Reduce Unemployment, Here's How

A blueprint for a central bank digital currency designed with a specific purpose: stopping layoffs.

Credit: National Archives and Records Administration/Wikimedia Commons

Policy

Digital Dollar Project: Don't Rush Digital Dollar During COVID-19 Crisis

The ex-chairman of the CFTC says a digital dollar should be a priority for the U.S. But he cautions against expediting the initiative during the pandemic.

Christopher Giancarlo

Markets

'Digital Dollar' Reintroduced by US Lawmakers in Latest Stimulus Bill

The idea of a digital dollar was again floated by U.S. lawmakers as a means of issuing stimulus payments to residents.

BACK AGAIN: The idea of a digital dollar was in several bills introduced to both the U.S. House and the Senate, but did not appear to make much progress before the two bodies adjourned. (Rashida Tlaib image credit: Phil Pasquini / Shutterstock)