WATCH: US Lawmakers Talk Digital Dollar, FedAccounts in Thursday Hearing
The “digital dollar” concept takes the spotlight Thursday as House Financial Services Committee members discuss how best to issue stimulus funds.
Witnesses will discuss stablecoins and tokenized dollars during Tuesday's Senate Banking hearing on the digitization of money.
Cryptocurrencies should be regulated more stringently, a VMWare security executive told U.S. lawmakers, citing a rise in cybercrime during the pandemic.
While not every lawmaker was on board with the idea of a central bank digital currency during a Senate Banking Committee hearing Tuesday, no one explicitly rejected it either.
Currently just a flashy idea, the digital dollar is competing with duller but proven methods for the job of getting stimulus funds to every U.S. resident.
Paul Calder LeRoux, an admitted drug dealer with a background in encryption, planned to build a bitcoin miner had he beaten the rap.
Elliptic head of policy Liat Shetret will recommend that the U.S. push for greater enforcement of anti-money laundering regulation of crypto exchanges, including for traders using privacy coins, in a Congressional hearing on human trafficking.