US House hearing reveals bipartisan support for a government-backed digital dollar

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US House hearing reveals bipartisan support for a government-backed digital dollar program (AKA DDP) citing the need to keep pace with China and to enable a larger swath of the U.S. population to access the digital economy, during a hearing Tuesday morning 06/15/2021

While pushing for support for designing a digital dollar with consumer privacy as a major priority.

If we get this structure right, we can really move past this sad part of American history where Americans essentially surrendered their privacy in the late 1960s, early ’70s with respect to financial matters.”

Sooo, is this just window dressing while they rip the face off BTC and scream we had it first Frrr's?  Perhaps only in my dreams!!!!  Or do they move at glacial speed in the dead of Winter?

As you know time is critical, read this just this morning, China is paying Builders and Subcontractors with their CBDC. Couldn't give it away and now forcing it on businesses.  Can we overcome the gap with ingenuity and still protect Privacy?

 

Regulation and Society adoption

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