The coronavirus pandemic is the biggest global crisis since the events that sparked the creation of Bitcoin (BTC) in 2008, and is one that will also have long-lasting effects on the economy. World governments are taking unprecedented measures to cope with the economic fallout of the virus, namely through the third coronavirus relief bill, which was approved by the United States Congress earlier this month and constitutes the biggest stimulus package in the country’s history at $2.2 trillion.
During the negotiations for the third emergency bill, one of the drafts submitted by House Democrats — the first version of the Take Responsibility for Workers and Families Act — caught the attention of the cryptosphere with mentions of a digital dollar, hinting at the creation of a U.S. central bank digital currency that could possibly be underlied by blockchain technology.
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