The Donald Trump administration has advocated for stablecoins development instead of a Federal CBDC akin to China’s Digital Yuan (e-CNY).

Powell asserted Tuesday that the central bank will not develop its own digital currency as long as he is in charge.

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A significant portion of central banks worldwide have delayed their plans for launching CBDCs, citing regulatory challenges.

Trump himself suggested that, with a CBDC, the government “could take your money, and you wouldn’t even know it was gone.” Indeed, much of Trump’s campaign contained scathing invective ...

Republican senators revived a bill last week to block the Federal Reserve from creating a central bank digital currency.