Part 6/10:
- Strategic role: The Digital Dollar Project urges the U.S. government to actively pursue leadership roles in digital payment systems, emphasizing the importance of maintaining the dollar's dominance in global transactions.
U.S. Regulatory and Political Environment
The focus on CBDC development in the U.S. also reflects a broader motive to preserve control over monetary and fiscal policies amid a landscape of increasing cryptocurrency regulation and scandals. As cryptocurrencies face bans or heavy regulation in multiple countries—China has already banned cryptocurrencies outright, while 43 other countries heavily regulate and tax them—it becomes clear that governments see CBDCs as a tool for control and stability.