DigitalMoneyBox Signal Desk
DigitalMoneyBox Crypto market intelligence
Browse sections
Cryptocurrency Cryptonews

Former Biden Advisor Reveals Administration's Drive Towards Digital Dollar – What's Going On?

A former top economic adviser for President Joe Biden has revealed that the administration is pushing to launch a digital dollar in a bid to “crowd out” private cryptocurrencies. During a Tuesday Senate Banking Committee...

38 /100
Market signal

Archive context

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

Former Biden Advisor Reveals Administration's Drive Towards Digital Dollar – What's Going On?
A former top economic adviser for President Joe Biden has revealed that the administration is pushing to launch a digital dollar in a bid to “crowd out” private cryptocurrencies. 
During a Tuesday Senate Banking Committee hearing, Daleep Singh, a former deputy national security adviser for international economics in the Biden administration, said a digital dollar would remove the need for the cryptocurrency ecosystem that facilitates ransomware attacks and sanctions violations....
Read More: Former Biden Advisor Reveals Administration's Drive Towards Digital Dollar – What's Going On?

Why this matters

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

Original source

Read on Cryptonews

Related market context