Tag: US Government

Fitting the bill: US Congress eyes e-cash as an alternative to CBDC

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On March 11, United States President Joe Biden issued an executive order in which he encouraged the Federal Reserve to continue research on a prospective U.S. central bank digital currency, or CBDC. The order emphasized that the market capitalization of digital assets had surpassed $3 trillion in November — with Bitcoin (BTC) representing more than half of the total value of all cryptocurrency and peaking at over $60,000 — up from just $14 billion five years prior. For comparison’s sake, the U.S. money supply (M1) in the same month was…

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‘US Government does not stand for freedom’: Bukele reacts to US bill passing Senate committee

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El Salvador president Nayib Bukele reacted to the news that the recently proposed Accountability for Cryptocurrency in El Salvador Act (ACES) had passed the U.S. Senate Foreign Relations Committee and will now head to a full Senate vote. The 40-year old national leader responded emotionally on Twitter: Never in my wildest dreams would I have thought that the US Government would be afraid of what we are doing here. pic.twitter.com/QgJPa70mn0 — Nayib Bukele (@nayibbukele) March 23, 2022 On Wednesday, March 23, the Senate Foreign Relations Committee approved the bill, sponsored…

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