Following up on President Biden’s recent executive order on digital assets, the US Treasury Department recently announced the publication of three reports on digital assets. The reports address issues relating to The Future of Money and Payments; Implications for Consumers, Investors, and Businesses; and an Action Plan to Address Illicit Financing Risks of Digital Assets. The first report, on the future of money and payments, is focused primarily on development of a US central bank digital currency, or US CBDC. It makes four recommendations for future action: (1) advance work on a possible US CBDC, in case one is ... (full story)