A former top economic adviser for President Joe Biden has revealed that the administration is pushing to launch a digital dollar in a bid to “crowd out” private cryptocurrencies.
During a Tuesday Senate Banking Committee hearing, Daleep Singh, a former deputy national security adviser for international economics in the Biden administration, said a digital dollar would remove the need for the cryptocurrency ecosystem that facilitates ransomware attacks and sanctions violations….
Read More: Former Biden Advisor Reveals Administration’s Drive Towards Digital Dollar – What’s Going On?