Today news
About the same in other media
U.S. Lawmakers Look to Digital Dollar to Compete With China
Reading now: 119
WASHINGTON—Lawmakers are pushing the Federal Reserve to move swiftly toward issuing a digital dollar, to combat steps from China and others they say could one day threaten the U.S. status as the global reserve currency.
The bipartisan group of lawmakers, including Reps. Maxine Waters (D., Calif.) and French Hill (R., Ark.), has sought for the U.S. to counter global competitors launching digital versions of their currencies. The House Financial Services Committee, which both serve on, might vote on related legislation as soon as next month.
Read more on wsj.comAbout this in other media
China’s Yuan Slides to a Two-Year Low as Economy Stumbles, Dollar Soars wsj.com /2 years ago
Canaan exec says opportunity outweighs crisis as Bitcoin miners struggle with shrinking profits cointelegraph.com /2 years ago
Chinese mining giant Canaan doubles profits despite the blanket crypto ban cointelegraph.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
![Bitcoin Cash [BCH]: Despite rally, on-chain activity tells a different tale](https://fvbb.com/storage/thumbs_400/img/2022/8/15/36567_mvolg.jpg)
![Bitcoin [BTC]: Watch out for these bull run signs the next time you check the charts](https://fvbb.com/storage/thumbs_400/img/2022/8/15/36547_qinre.jpg)
