Yea, my point is projects like Libra don't die. The resistance may have been suppressed with alliance, to me that explains the all of a sudden change in the US regulators heart.
Paypal is a Trump fan but my guess is there is potential connection with Libra there too.
Self interest sure, but at the end of the day Trump believes he'll win a 2nd term and outsmart them. A US digital currency would mean all off-shore money would have to come back in to be converted. Sorry, that's a whole other "conspiracy" but somewhat connected... digital dollar coming soon backed by Libra developers
Well the digital dollar, Trump or Biden, is a form of control that the government is going to find too tempting to resist. They will not let this opportunity pass.
As for who it is backed by, since there is no need to focus upon decentralization, it all can be run through the government without any need for anyone else. They might give a taste to the bankers but, ironically, the digital dollar is going to take a chunk out of the banking system. No need for a bank for basic banking when the digital dollar wallet will handle 90% of what people need.
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