Senior House Financial Services Committee members asked the Federal Reserve to explain its views on the idea of taking up “the project of developing a U.S. dollar digital currency.”
“The nature of money is changing,” and more than 40 countries have already developed or are working on their own national digital currencies, Reps. Bill Foster (D-Ill.) and French Hill (R-Ark.) said in a Sept. 30 letter to Federal Reserve Board Chairman Jerome Powell.
“We write today to hear your views regarding this issue at this critical juncture,” they said.
The two members lead the committee’s Artificial Intelligence Task Force. Hill ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.