The U.S. economy does not need any more digital currencies, according to Gary Gensler, the Securities and Exchange Commission (SEC) chief. Appearing on CNBC’s “Squawk on the Street” on June 6, Gensler asserted that cryptocurrency and virtual tokens are unnecessary in today’s economic landscape. “Look, we don’t need more digital currency,” he told the business…

As the Bank of Canada seeks consultation from Canadians on its design of a potential central bank digital currency (CBDC), digital privacy experts are warning that the technology could be used by governments to track payments and freeze dissidents’ bank accounts. “CBDCs could be a nightmare for democracy, for civil liberties, and potentially all sorts…

Texas could become the first state in the nation to issue its own digital currency based on gold and silver. The Texas Senate could vote on Senate Bill 2334 this week. A similar bill in the Texas House, House Bill 4903, did not advance. If the Texas digital currency proposal becomes law, money could be spent with a debit card…

Commentary Control over money is likely to be the next level of tyrannical power to come from the left, the Biden administration, and the World Economic Forum (WEF). We’re about to enter a new era in banking, business, and personal privacy. Actually, the opposite is true. We’re about to enter a new era where there’s…

Commentary A hullabaloo over a digital dollar first emerged in 2019 when the People’s Bank of China (PBOC) launched its digital yuan. Speculation arose that unless the United States responded in kind, China’s yuan would soon surpass the dollar as the world’s premier reserve currency. The speculation was pointless. There is much more to a…

The U.S. government will use the current financial crisis to promote a central bank digital currency (CBDC), warned Robert F. Kennedy Jr., adding that such a move will only culminate in absolute financial surveillance and threaten basic personal liberties. “CBDCs grease the slippery slope to financial slavery and political tyranny. While cash transactions are anonymous,…

House Majority Whip Tom Emmer (R-Minn.) has introduced legislation that seeks to prevent the Federal Reserve from issuing a central bank digital currency (CBDC), while insisting that a digital equivalent to the dollar must uphold privacy and sovereignty. The “CBDC Anti-Surveillance State Act” prohibits the Federal Reserve from issuing a CBDC directly to an individual….

As the federal government advances its plans to create a central bank digital currency (CBDC), critics are sounding the alarm about how much power a digital dollar would place in the hands of federal agencies. The latest step toward a CBDC, called “Project Cedar,” was launched by the Federal Reserve Bank of New York last…

The United States may soon have its own digital dollar, which would track transactions while giving banks and governments full control over how people spend money. The New York Federal Reserve has launched a 12-week pilot program for a central bank digital currency, with participants including Mastercard, Citi, HSBC, TD Bank, Wells Fargo, and others….

The United States may soon have its own digital dollar, which would track transactions while giving banks and governments full control over how people spend money. The New York Federal Reserve has launched a 12-week pilot program for a central bank digital currency, with participants including Mastercard, Citi, HSBC, TD Bank, Wells Fargo, and others….