U.S. House of Representatives: digital dollar will support the U.S. dollar as the global reserve currency

source /cointelegraph

compile /Nick

With more and more attention paid to the digitalization of the US dollar , A congressman put forward his vision .

U.S. congressman Jim Himes (D-CT) A copy called “ Win the future of money ： US central bank digital currency proposal ” White paper for . It includes global CBDC Summary adopted , And right CBDC Traditional assessment of advantages and disadvantages . The white paper supports Congress' authorization of the Federal Reserve to issue CBDC Action . 

“ It is now time for Congress to consider and finally pass enabling legislation to issue the United States CBDC It's time ,” a member of the House of Representatives Jim Himes say .

Connecticut congressman Jim Himes Issued a proposal , The purpose is to start a dialogue on the possible introduction of central bank digital currency in the United States .

In a white paper released on Wednesday ,Jim Himes Urge Congress to start exploring the introduction of digital dollars issued by the Federal Reserve , To prevent the government from falling behind in financial technology innovation . The digital dollar will support the role of the US dollar as a global reserve currency , It can support individuals with insufficient bank accounts , And may be more creditworthy than a stable currency issued by a private company . According to American lawmakers ,CBDC It should not be considered as a substitute for traditional payment systems and currencies , But as an additional choice for consumers and enterprises .

The white paper makes a proposal , Compared with legal tender ,CBDC It may arouse people's concern about transparency 、 Security and privacy concerns .Himes Add , Any Act enacted by Congress CBDC Regulatory frameworks should include “ Powerful user identification process , An intermediary is required to prove the identity of the wallet holder ”, And by the Federal Reserve and “ Participating business entities ” Develop guidance .

“ The longer the U.S. government waits to accept this innovation , The more we fall behind foreign governments and the private sector ,” Jim Himes say .“ It is now up to Congress to consider and advance the mandate of the United States CBDC It's time to legislate .”

Different agencies and departments within the U.S. government have explored the possible impact of digital dollars when officials decide to launch digital dollars .5 month , The Federal Reserve released a report , The conclusion is that “ retail CBDC The implementation of monetary policy is highly dependent on the initial conditions of the Federal Reserve's balance sheet .” 

Among American lawmakers ,Jim Himes Often push Congress to take action against cryptocurrencies —— In particular, the technology used to examine Russia's potential to evade sanctions —— And put forward part of a bill , Many have criticized the bill for giving the Treasury Secretary unrestricted power over certain cryptocurrency transactions .

The representative of Minnesota Tom Emmer Also in the 1 A bill was introduced in January , It aims to prevent the Federal Reserve from acting as a retail bank when it may issue digital dollars , This shows that the legislators have not yet made a decision on the United States CBDC Reach a consensus .

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