US EditionAnti-CBDC bill could curb Fed’s power over digital dollar, sponsor says
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6 Articles
The United States is making significant strides in the digital financial world. According to crypto specialist Madelon Vos, a striking shift is underway. President Donald Trump claims to be strongly opposed to Central Bank Digital Currency (CBDC). Yet, he appears to be introducing a similar system via a roundabout route. "The technical backbone of the financial system has been outdated for many years," he said previously. But with new laws, a di…
New York Banks Turn to Stablecoins as Digital Dollar Talks Stall
Wall Street is starting to move forward without waiting for Washington. As the idea of a digital dollar remains stuck in debate, New York’s biggest banks are looking elsewhere. Bank of America now expects large-scale stablecoin launches by next year. This comes amid Trump’s historic signing of the GENIUS Act into law. The law establishes the first federal regulatory framework for cryptocurrencies, importantly giving stablecoins a massive boost i…
A few days ago, the Congress of the United States adopted an unprecedented legal framework for digital assets consisting of three basic laws: the Act on Stablecoins (the GENIUS Act), the Act on Clearance for Digital Assets (the CLARITY Act) and the Act on Digital Central Bank Currency for Retail (the Anti-CBDC Act).These initiatives [...] The post The future of Drex, Stablecoins and a national ecosystem for digital assets is taking shape first a…
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