The White House is set to host the Digital Assets Summit on March 7, 2025, featuring influential figures from the cryptocurrency industry, including Michael Saylor and Brad Garlinghouse. This important event, led by President Donald Trump, aims to discuss the future of digital assets within the U.S. financial system. Saylor, a strong advocate for Bitcoin, ...
Donald Trump’s recent executive order banning a US digital dollar highlights the urgent need for Western countries to adopt central bank digital currencies (CBDCs). A new book, “Smart Money,” warns that the West’s hesitation could weaken its financial power and allow countries like China to take the lead in shaping future monetary systems. As more ...
Retail central bank digital currencies (CBDCs) face significant challenges before they can be widely adopted. Key issues include ensuring compatibility with current payment systems, addressing privacy concerns, and dealing with infrastructure limitations in developing countries. A report from GlobalData highlights that CBDCs often fail to meet consumer needs and lack clear incentives for users to ...
The Bitcoin community is voicing strong opposition to Ripple’s suggestion of a multi-coin strategic reserve in the U.S., arguing that it undermines the push for a Bitcoin-only reserve. Critics label Ripple as a major hurdle to establishing a Strategic Bitcoin Reserve, as it favors including other cryptocurrencies like XRP and USD Coin. Ripple’s CEO, Brad ...
Central banks are actively researching retail central bank digital currencies (CBDCs), with 2025 likely marking key decisions on their launch. A report from OMFIF highlights that 81% of surveyed central banks are considering issuing a CBDC, with nearly half expecting to do so within five years. The European Central Bank is developing a digital euro, ...
The Missouri Senate has introduced a new bill, SB 194, aimed at banning central bank digital currencies (CBDCs) as legal tender in the state. Sponsored by Senator Brattin, the bill proposes that public entities cannot accept or use CBDCs, while also changing the definition of “money” to exclude these digital currencies. Additionally, it requires the ...
