Digital Dollar Should Be ‘Actively Explored,’ Says Former CFTC Chairman
Maintaining users' privacy is a key design focus, according to Massad. "We're not China."
Federal Reserve Chairman Jerome Powell testified before the U.S. Senate, about inflation and the possible rollout of a digital dollar.
The Federal Reserve chair said "the more direct route" would be to regulate stablecoins.
Brainard said without a digital dollar the proliferation of stablecoins could fragment the payment system.
Brian Armstrong is listed on the central bank's calendar, public records show.
While a Senate Banking Committee hearing ostensibly focused on central bank digital currencies, bitcoin’s role in the ecosystem drew much of the attention.