Former Biden Advisor Reveals Administration's Drive Towards Digital Dollar - What's Going On?

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....