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The Fed Chair and the Treasury Secretary Come Out Against Privacy-Respecting Anonymous Digital Dollar

The fight to protect privacy in the central bank digital currency era just got more intense.

March 25, 2021

The fight to protect privacy in the central bank digital currency era just got more intense.

This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, Exodus.

Today on the Brief:

  • Fidelity files a bitcoin ETF application
  • Stimmies to China
  • The situation in the Suez

Our main discussion:

In response to a question from Illinois Democrat Bill Foster during a House hearing earlier this week, Federal Reserve Chair Jerome Powell went on the record as being against an anonymous digital dollar. Treasury Secretary Janet Yellen reinforced that stance, saying anonymity made the U.S. government’s anti-money laundering goals extremely difficult to achieve.

In today’s episode, NLW breaks down why bitcoiners should be willing to get involved in the digital dollar privacy fight.

Image credit: bsauter/iStock/Getty Images Plus