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Fed's Lael Brainard invites Congress to choose whether to compete with China's digital yuan

“We want to make sure that we do the requisite research on policy and technology so we're in a position to move forward if Congress decides it's important to be able to compete with China in this regard," said Lael Brain...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Fed's Lael Brainard invites Congress to choose whether to compete with China's digital yuan

“We want to make sure that we do the requisite research on policy and technology so we're in a position to move forward if Congress decides it's important to be able to compete with China in this regard," said Lael Brainard.

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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