Fed To Publish Report On US Digital Currency This Summer

In the immediate aftermath of the crypto crash, which made bitcoin and its peers the main talking point amid trading desks as well as the general public, with google searches for cryptocurrency hitting an all time high on Wednesday…

.. at 2pm today Fed Chair Powell reminded the peasantry that the Federal Reserve itself is planning on rolling out its own CBDC, i.e., a digital dollar, and announced that the Fed plans to publish this summer a discussion paper “that will explore the implications of fast-evolving technology for digital payments, with a particular focus on the possibility of issuing a U.S. central bank digital currency.”