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Wednesday

03 March 2021

US Treasury Secretary floats idea of digital dollar maintained by the Fed

US Treasury Secretary floats idea of digital dollar maintained by the Fed


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Speaking to Andrew Ross Sorkin, the Treasury Secretary said a digital dollar maintained by the Fed could result in "faster, safer and cheaper payments," but added there were "a lot of things to consider" before a possible rollout.

In her confirmation hearing to be Treasury Secretary, she called crypto a "growing concern" in the United States that is "mainly for illicit financing." Her subsequent written statements reiterated these views between digital assets and illegal financing, but also included that she planned to encourage the use of digital assets in the U.S.

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