Trump and Biden Admin Differ on Central Bank Digital Currency Plans
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Trump vows to block creation of a U.S. central bank digital currency (CBDC), calling it a "dangerous threat to freedom"
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Biden administration explored possibility of a digital dollar in 2022 but has said little since then
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Fed Chair called US CBDC early-stage experimentation, far from reality
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Supporters argue CBDC could enable secure, less volatile digital payments
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Private stablecoins like USDC are an alternative for fiat-backed digital currencies