The Fed & Treasury Are Clearing The Runway For The Digital Dollar
The Fed, Treasury and the SEC fired a shot at stablecoins. It feels to us that the three Federal agencies are clearing a path for the digital dollar. Stablecoins are crypto currencies that are pegged to a fiat currency and thus behave similarly to fiat currencies and therefore represent a potential threat to fiat currencies. The Fed, Treasury and the SEC will work in concert to kneecap stablecoins. Next, the three agencies will set their sights on Bitcoin and other non-stable cryptos. Our guess is that the Fed will have rolled out its CBDC/ Digital Dollar by 2025 at the latest. China’s digital Yuan will be featured at next year’s Beijing Winter Olympics. Read more HERE.