NFT Collection The Superlative Secret Society Price, Stats, and Review
XRP eyes bounce as regulated futures launch on CME
Bitcoin ignores Moody’s US debt downgrade, rallies back to $105K after profit-taking sell-off
Nebraska’s New Mining Rules: Infrastructure Safeguard or Soft Ban in Disguise?
Fold Unveils Bitcoin Gift Card, Pioneering Bitcoin in U.S. Retail Gift Card Market
Chainlink CCIP Launches on Solana, Linking $19B in Assets
XRP Lawyer Warns That Other Crypto Laws Unlikely To Pass If Stablecoin Bill Fails
Cardano’s ICO-era ‘redemption scandal’ resurfaces – Will it drag ADA’s rally?
Ethereum Pectra Upgrade and Lightchain AI’s Final Bonus Round
Large US Companies Witness Highest Number of Bankruptcy Filings in 15 Years Amid Souring Consumer Sentiment, According to Analyst
Bitcoin Rises, Stocks Steady, is the Bull On?
Ethereum Drops 4% as Whales Exit, Analysts Still Bullish
Senate eyeing second vote on stablecoin bill after revised text
JPMorgan To Allow Customers Buy Bitcoin But Dismisses BTC Custody Plans
Strategy hit with lawsuit as Bitcoin holding tops $59B
Dow Jones posts modest gains as U.S. debt downgrade shakes Wall Street
Crypto ETFs Close the Week Strong: $260 Million Into Bitcoin ETFs, $22 Million Into Ether ETFs
Over 10,000 Users Accuse Coinbase of Secretly Harvesting Biometric Data in Explosive Lawsuit
Bitcoin Long-Term Holders Supply Back On The Rise After A Brief Decline
XRP Price Confirms Bullish Reversal Setup With This Demand Zone
Will Pi Network Price Crash Further Amid 5.7 Million Pi Coin Unlock Today?
Best Bitcoin Casinos UK – Top Crypto Casino Sites in the UK, Rated By Experts
MIND of Pepe Launches AI Agent on X — Here’s Why It’s Early Crypto Launches With Promise for Real-Time Market Intelligence
Spot Volume Surge on Binance Signals Market Strength—But Caution Is Warranted
Fed is studying the potential for digital dollar, says governor Brainard
The U.S. Federal Reserve, the country’s central bank, is studying the feasibility of issuing its own digital currency, said governor Lael Brainard.
“Given the dollar's important role, it is essential that we remain on the frontier of research and policy development regarding CBDC [central bank digital currency],” Brainard said Wednesday at a conference on payments at the Stanford Graduate School of Business in California.
She went on to say that the Fed, like other central banks, is researching blockchain technologies and their potential use case for digital currencies, “including the potential for a CBDC.”
“We are collaborating with other central banks as we advance our understanding of central bank digital currencies,” she added.
Brainard’s remarks suggest the Fed’s more openness to digital currencies. In 2018, Brainard said there is “no compelling demonstrated need for a Fed-issued digital currency.” But at the time, private sector initiatives, such as the Facebook-led Libra stablecoin project, weren’t public.
Libra has “imparted urgency to the debate over what form money can take, who or what can issue it, and how payments can be recorded and settled,” Brainard said Wednesday.
While digitalization has the potential to deliver “greater value and convenience at lower cost,” there are risks to financial stability, privacy and fraud protection, she said.
“In the United States no less than in other major economies, the public sector needs to engage actively with the private sector and the research community to consider whether new guardrails need to be established, whether existing regulatory perimeters need to be redrawn, and whether a CBDC would deliver important benefits on net,” Brainard concluded.
The Fed has been advised several times in the past to consider developing a digital dollar. Jerome Powell, the Fed chairman, however, sees no need to issue CBDC "in the next five years."
