Yesterday we talked about the prospects of a digital dollar coming down the pike.
It seems clear that global governments will not allow non-sovereign forms of money to continue to proliferate.
The Senate Banking committee’s hearing on the digital dollar two weeks ago was not only a public exploration and introduction to the concept a central bank-backed digital currency, the hearing was also used as a platform to publicly assassinate the viability of the private (“bogus” in the words of Senator Warren) cryptocurrency market (bitcoin, stablecoins, etc.).
Dispatches From The Front 