A proposal under consideration in the U.S. Senate would create a new dollar-backed digital currency. Theoretically, this could represent a public policy twofer—simultaneously keeping the country competitive as the nature of money evolves and creating a financial platform that in times like these could speed much-needed payments to citizens through digital wallets managed by the Federal Reserve. The proposal was stripped from the most recent stimulus package, but support for a “digital dollar” was building long before the coronavirus pandemic and is sure to continue when it is over. For now, any adoption of such technology is far off for the United States. But with China appearing to be close to issuing its own digital yuan and many private-sector initiatives also underway to digitize currency, how important is a digital dollar in keeping the country competitive?
Join the Center for Data Innovation for a video webinar to discuss the challenges and opportunities of establishing a digital currency in the United States.
Date and Time:
- Thursday May 21, 2020, from 12:00 PM to 1:00 PM (EDT)
- Hodan Omaar, Policy Analyst, Center for Data Innovation (moderator)
- Daniel Gorfine, Founder Gattaca Horizons LLC, Adjunct Professor at Georgetown University Law Center, Co-founder Digital Dollar Project, former CIO of U.S. Commodity Futures Trading Commission
- Garrick Hileman, Head of Research at Blockchain.com and Researcher, London School of Economics and Political Science
- Tanvi Ratna, CEO at Policy 4.0 and 2019 Fellow on Public Interest Technologies at the New America Foundation
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