WASHINGTON—The Federal Reserve may be set on implementing a central bank digital currency (CBDC)—or at least continuing to study them—despite its public claims to the contrary, according to one new report.
House GOP Majority Whip Tom Emmer (R-MN) publicly shared a file that he says he received from central bank staff earlier that day during a presentation to Congress.
The document, which appears to set out the “key duties” of the Fed such as issuing currency and operating as the government’s fiscal agent, included “Central Bank Digital Currency” on the list.
“If you don’t think the Fed is pursuing a CBDC, think again,” Emmer wrote on Twitter.
As Decrypt noted in its recent analysis CBDCs have been touted by Fed vice chair Lael Brainard as a tool for reinforcing global dollar dominance, and “safe central bank liability in the digital financial ecosystem.”
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