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Fed Chair Powell Says CBDC Is Nowhere Close to Reality
In testimony before the Senate Banking Committee Thursday, Federal Reserve Chairman Jerome Powell firmly rejected notions that adoption of a central bank digital currency (CBDC) by the U.S. is imminent. Powell also mentioned that it is not even actively under consideration at this point. His remarks come amidst a growing conservative political backlash against a......
Republicans Renew Push to Block Central Bank Digital Currency (CBDC)
Republican lawmakers have put forward fresh legislation aimed at preventing the Federal Reserve from developing a central bank digital currency (CBDC) over privacy concerns. On Monday, Senator Ted Cruz (R-TX) filed the "CBDC Anti-Surveillance State Act" along with four other GOP senators. The bill seeks to clarify that the Fed lacks authority to create a......
Donald Trump Vows to Oppose CBDC Creation In The U.S.
Former President Donald Trump pledged, if reelected, to resist any effort by the Federal Reserve to develop a central bank digital currency (CBDC). In a Wednesday campaign speech, Trump argued that such dollar-backed virtual money risks dangerous government overreach and control over Americans' financial lives. Trump warned the prospect of a "Fedcoin" or a digital......
South Korea to Launch CBDC Test With 100,000 Citizens
The Bank of Korea (BOK) has announced plans to launch a pilot program. The program will allow 100,000 Korean citizens to utilize a central bank digital currency (CBDC) by late 2024. The program comes on the heels of a visit from Agustin Carstens, general manager of the Bank for International Settlements. The current plans are......
Fed Official Calls for Stablecoin Regulation, No Imminent CBDC Decision
Top Federal Reserve supervision executive Michael Barr said Friday that stablecoins require strong oversight to avoid risks. However, he noted the Fed remains undecided on pursuing a central bank digital currency (CBDC). In remarks at a Washington, D.C., conference, Barr stated: Stablecoins "borrow the trust" of fiat currencies and need regulation to prevent stability and......
Cardano Co-Founder: Vote for Biden Is a Vote for Death of US Crypto Industry
Cardano co-founder Charles Hoskinson has put out a tweet in response to Vitalik Buterin's thoughts on pro-crypto candidates. Hoskinson's view was quite opposite to that of Vitalik, who released a blog post against choosing your political allegiances based on who is pro-crypto. Key points: Vitalik Buterin released a blog post against choosing pro-crypto political leaders.......
🥛 4 BIG things to watch for this week 🧭
Today’s edition is brought to you by Redbelly Network – the world’s ONLY public purpose-built Real-World Asset tokenization network.Join the Incentivized Testnet today.GM. This is Milk Road, where we dish out crypto news saucier than grandma’s secret spaghetti recipe.Here’s what we got for you today:✍️ 4 big things to watch out for this week✍️ Top......
🥛 Breaking: SEC halts Ethereum 2.0 investigation – What’s next?🧑⚖️
GM. This is Milk Road, where the crypto hits just keep coming, and no quarters are required.Here’s what we got for you today:✍️ SEC leaves $ETH alone✍️ Top 5 apps generating revenue in 2024🍪 Bored Ape NFTs down bad 🎙️ Milk Road Radio: Top 5 crypto revenue generators & why they matterPrices as of 9:30AM ET. Click here......
🥛 Crypto election fever: Trump’s big promises 🗳️
Today’s edition is brought to you by Safe{Wallet} – a decentralized custody protocol and collective asset management platform that secures over $100 billion in digital a ssets with multi-layered security. Secure your digital future — explore Safe{Wallet} today. GM. This is Milk Road, delivering your daily crypto updates with more punch than an Ice Cube...
🥛 Big week ahead: Hold on to your milk jugs! 🚀
Today’s edition is brought to you by Gryphon Digital Mining – a fast-growing Bitcoin miner led by a team of industry veterans. Read a free report on Gryphon’s unique strategy today.* breaker GM. This is Milk Road, your morning shot of crypto espresso – short, strong, and packed with punchy news. Here’s what’s dripping today:......