The U.S. Congress has approved a bill that will stop the Federal Reserve from launching an American digital currency for retail sale until December 31, 2030.
Why this matters:
The Federal Reserve cannot issue a digital dollar at the moment
It also cannot use banks as intermediaries to launch one
This is good news for privacy and stablecoins such as USDT and USDC
It suggests that stablecoins may benefit even more because the digital-dollar plans issued by the government are facing a ban
Overall: very positive for cryptocurrency regulation that favors private stablecoins, and it frames the move as a major win for financial privacy.#NFA✅ #DYOR#CongressBarsFedCBDCIssuance #DeXeJumps70%In24h #BinanceMarginToListXLMTradingPairs $1
1
Alpha
0.00037261
+4.31%
$XPIN
XPIN
Alpha
0.0013259
-1.32%
$SIREN
SIREN
Alpha
0.04094
-5.61%
Why this matters:
The Federal Reserve cannot issue a digital dollar at the moment
It also cannot use banks as intermediaries to launch one
This is good news for privacy and stablecoins such as USDT and USDC
It suggests that stablecoins may benefit even more because the digital-dollar plans issued by the government are facing a ban
Overall: very positive for cryptocurrency regulation that favors private stablecoins, and it frames the move as a major win for financial privacy.#NFA✅ #DYOR#CongressBarsFedCBDCIssuance #DeXeJumps70%In24h #BinanceMarginToListXLMTradingPairs $1
1
Alpha
0.00037261
+4.31%
$XPIN
XPIN
Alpha
0.0013259
-1.32%
$SIREN
SIREN
Alpha
0.04094
-5.61%