Banks, crypto lobby clash with lawmakers over Fed digital dollar - POLITICO

Attorney General Merrick Garland has until Sept. 5 to determine what, if any, new laws are necessary for the Fed to move forward with a digital dollar.

A central bank digital currency, or CBDC, would mimic cash in many respects allowing consumers to conduct transactions using digital wallets that would likely be maintained by banks or other financia… [+8241 chars]

full article...