Is the US going to a digital currency?

The banking industry, with its vast resources and expertise, is well-positioned to develop and implement a secure and efficient digital currency system.

Policymakers are currently at a distance from taking concrete steps towards adopting cryptocurrency technology. Despite the growing popularity and potential of digital currencies, there seems to be a lack of urgency in the government's approach to this emerging field.

The reluctance of policymakers to embrace cryptocurrency technology can be attributed to various factors, including concerns over security, regulation, and the potential impact on the traditional financial system.

As a result, the government is likely to take a backseat role in the creation of a digital currency, allowing the banking industry to take the lead in this endeavor.

However, it is important to note that the government's role in regulating and overseeing the digital currency market will remain crucial to ensure its stability and protect consumers.