RATE Group | House Democrats Propose ‘Digital Dollar’ in Move Big For Bitcoin: Here’s Why
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House Democrats Propose ‘Digital Dollar’ in Move Big For Bitcoin: Here’s Why

23 Mar House Democrats Propose ‘Digital Dollar’ in Move Big For Bitcoin: Here’s Why

Posted at 23:44h in Bitcoin News by

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11 years after Satoshi Nakamoto launched Bitcoin, some facets of the U.S. government have finally indicated that they are seriously considering the creation of a digital dollar, a move that many say could validate cryptocurrencies, especially BTC.

Digital Dollar?

According to a Bloomberg Law report released Monday, Democrats in the House of Representatives are seriously considering the creation of a system of digital wallets, in which a “digital dollar” (unfortunately not Bitcoin) would be stored. This intent was revealed in a legislative text published Monday by the House Financial Services Committee Chairwoman Maxine Waters.

The text, or at least one related to it, was shared by Peter Van Valkenburgh, Director of Research at Bitcoin advocacy CoinCenter.

The text defined the term…

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