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the-new-style 0 points ago +1 / -1

Starting Gun?

The Banking For All Act was Introduced in Senate on 23rd March 2020, although it wasn't voted upon. It was to allow banks to process Digital Dollar payments via crypto wallets for accounts held by all citizens at The Fed.

Curiously The Digital Dollar Project only released its first White Paper on the US using it as the CBDC afterwards in May 2020.

Jerome Powel spoke at the IMFs committee on CBDC in October 2020

The IMF wants to shift to their Digital Currency known as Special Drawing Rights rather than lend Dollars and thus put another nail in the USD as a reserve currency - that has huge implications for US power as the reserve currency status is what enabled US imports to be cheaper.