@BOMBERuss 27 May 2021 more from that month

Federal Reserve Governor Warns U.S. Cannot Fall Behind In CBDC Race. Federal Reserve Governor Lael Brainard warned that the U.S. cannot afford to fall behind in the race to establish a central bank digital currency. Speaking at the Consensus by CoinDesk conference, Brainard said she was concerned by the both the growth of private stablecoins and the reality that other countries are far ahead of the U.S. in creating a CBDC. Private stablecoins like Tether, USD Coin, and the forthcoming Libra got a big step up late last year, when then-Comptroller of the Currency Brian Brooks allowed banks to use stablecoins to settle transactions. #Cryptocurrency