Fiat Freeway: Digital Assets Face Backlash from Capitol Hill

Quick Take

  • ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and stablecoins. 
  • This week’s column focuses on the recent backlash the digital assets and financial services industries are facing from Capitol Hill.
Last week, ‘Fiat Freeway’ examined China’s Digital Currency Electronic Payment (DC/EP) progress in the second half of 2020. We’ve also previously covered the ECB’s ‘digital euro’ initiative, the Fed’s classification of CBDC literature, Norges Bank’s study on CBDC ‘Safe Asset’ Funding, an ECB Board Member’s stablecoin speech in Frankfurt, Circle’s blog post on using stablecoins […]

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