financial services committee – DIGIT INFO

US Financial Services Committee Hearing Discussed the Creation of a ‘Digital Dollar’

DIGIT — Fri, 12 Jun 2020 19:30:56 +0000

On June 11, 2020, the United States Congress Financial Services Committee held a remote hearing about the creation of a “digital dollar.” A number of well known individuals participated including the former Chairman of the U.S. Commodity Futures Trading Commission, Christopher Giancarlo, and members from the Electronic Transactions Association. The Covid-19 outbreak and following panic, […]

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Fed Chair Powell Reveals US Response to China’s Digital Yuan, Libra, Public Payments Ledger

DIGIT — Wed, 12 Feb 2020 13:50:21 +0000

In his testimony before the House Financial Services Committee, Federal Reserve Chairman Jerome Powell answered a number of questions regarding digital currencies. While stating that “a ledger where you know everybody’s payments” is not a problem in China, he believes it is not attractive for the U.S. Admitting that Facebook’s Libra project was a wake-up […]

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