- Just a bill at this point. Powell has talked about a US digital currency option. The link had some popups, so I'll grab the main point, and then you can decide if you want to click the link for the rest.
http://www.forbes.com/sites/danrunkevicius/2022/01/14/congress-introduces-a-game-changing-crypto-bi
ll-as-the-price-of-bitcoin-ethereum-bnb-solana-cardano-xrp-sinks/?sh=6854d5451d7b As the Fed pushes ahead with its crypto investigation into a digital dollar —which would create competition for major cryptocurrencies, such as bitcoin, ethereum, solana, XRP, and BNB—one congressman is seeking to ban government-issued digital currencies.
This past Wednesday, Minnesota Republican Representative, Tom Emmer, introduced a bill that would put a damper on the Fed’s powers in issuing a digital currency directly to American citizens, which he thinks would put the nation on an authoritarian path.
“Requiring users to open up an account at the Fed to access a US CBDC would put the Fed on an insidious path akin to China's digital authoritarianism," he said in a statement. "It is important to note that the Fed does not, and should not, have the authority to offer retail bank accounts."