Central bank digital currencies are becoming more politicized globally, “but in the U.S. they seem to be ‘hyper-politicized.’”
It’s only since Facebook announced its Libra stablecoin back in 2019 that anyone has even talked about central bank digital currencies (CBDCs).
And then most of the discussion was within the discipline — i.e., among financial regulators, academics and payment specialists.
But last week, the CBDC conversation broke out in a big way as former United States President Donald Trump said he would “never allow” a digital dollar were he reelected president. A CBDC “would be a dangerous threat to freedom, and I will stop it from coming to America,” Trump vowed on Jan. 17 in New Hampshire.
