Coronavirus Stimulus Offered By House Financial Services Committee Creates New Digital Dollar
Public Interest Groups Weigh In
Daniel Gorfine, founder of fintech firm that is advisory Horizons and former chief innovation officer at CFTC, as well as a founding director of the Digital Dollar Project, stated to Forbes, ‘It is worth exploring, testing, and piloting a true USD CBDC and broader digital infrastructure in order to improve our future capabilities and resiliency, but it is also important that this effort not delay the government from deploying critical emergency funds using existing channels during this crisis. While the crisis underscores the importance of upgrading our financial infrastructure, broadly implementing a CBDC will require time and coordination that is thoughtful the us government and private sector stakeholders.’