With heightened political attention on digitizing the dollar, one member of Congress has laid out his vision. On June 22, Rep. Jim Himes (D-CT) released a white paper called "Winning the Future of Money: A Proposal for a US Central Bank Digital Currency." It includes a general summation of CBDC adoption globally, as well as the traditional appraisal of pros and cons of a CBDC. However, the white paper is clearly supportive on Congress' move to authorize the Federal Reserve to issue a CBDC. “The longer the United States government waits to embrace this innovation, the further we fall behind both foreign ... (full story)