• Powell Digital dollar high priority
    Cryptocurrencies,  Politics,  Regulation

    Fed’s Powell: 2021 ‘an important year’ for digital dollar

    Federal Reserve Chairman Jerome Powell said 2021 will be a key year for the U.S. as it decides whether to create a digital currency, and what it would look like

    Speaking before the House Financial Services Committee on Feb. 24, Powell said 2021 “is going to be the year that we engage with the public pretty actively” on the digital dollar project. He added that there are still significant technical challenges to be met, as well as major policy decisions to be made, before the U.S. decides to create a digital dollar.

  • Bitcoin,  Regulation

    U.S. will ‘squash’ Bitcoin during crisis: ‘The Big Short’ investor Burry

    Forecasting an inflationary crisis, the investor who called the 2008 mortgage crisis predicts governments won’t put up with currency competition in bad times

    “I don’t hate $BTC," Burry said on Twitter. "However, in my view, the long term future is tenuous for decentralized crypto in a world of legally violent, heartless centralized governments with #lifeblood interests in monopolies on currencies."

  • digital dollar first-mover advantage
    People,  Regulation,  Technology

    Fed Chair: Digital dollar will have a ‘first-mover advantage’ whenever it comes

    China may be far ahead but Jerome Powell said the U.S. dollar’s role of as the world’s reserve currency gives it a lead in any central bank digital currency race

    At the Federal Reserve "we actually think we need to get this right, and we don't feel an urge or need to be first,” Powell said of a digital dollar. "We’re going to look at it very, very carefully and we’re investing heavily in understanding the technology and analyzing the policy questions—the many policy questions.”

  • "Crypto Dad" Chris Giancarlo is now fighting for a digital dollar (via Chamber of Digital Commerce).
    Politics

    ‘Crypto Dad’ goes all in on digital dollar

    Former CFTC chairman Chris Giancarlo partners with Accenture promote the potential of a U.S. central bank digital currency

    Former CFTC Chairman Chris Giancarlo has moved from regulating digital currencies to fighting for one with the launch of the Digital Dollar Foundation.