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UPDATED: In US COVID-19 Stimulus Bill, Hope not Lost for Digital Dollar

Published 03/24/2020, 11:16 AM
Updated 03/24/2020, 01:00 PM
UPDATED: In US COVID-19 Stimulus Bill, Hope not Lost for Digital Dollar

While the newest version of a proposed stimulus package to respond to the economic crisis caused by COVID-19 in the United States has scrapped mention of the digital dollar, at least one Senator is fighting to keep those provisions.

As Cointelegraph reported yesterday, March 23, a draft of the proposed economic stimulus bill was circulating that included the requirement of developing a digital dollar. The provisions further stipulated that all banks party to the Federal Reserve would need to host digital dollar wallets — all measures to expand economic inclusion.

House side

Senate side

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