(Jason Brett) As the markets continue to drop and the U.S. looks to Congress for agreement on a massive stimulus package to save the economy from impacts of the coronavirus pandemic, the newest offer by House Democrats includes a very forward-looking kind of stimulus: the creation of a ‘digital dollar’ and the establishment of ‘digital dollar wallets.’ In what will send shock waves through the cryptocurrency and blockchain industry, particularly for those following central bank digital currencies around the world, this signals the U.S. is serious in establishing infrastructure for a central bank digital currency.
CCP Virus
Senate Rushes to Approve $2.2 Trillion Coronavirus Bill After Landmark Agreement with White House
(Erica Werner, Mike DeBonis and Paul Kane) The Senate is aiming to vote as soon as Wednesday evening on a $2.2 trillion emergency relief package that is designed to flood the U.S. economy with money as households and businesses continue to reel from the coronavirus outbreak.