Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.
Federal Reserve Chair Jerome Powell tried to offer assurances in a Senate hearing that a CBDC wouldn't be built in the U.S. in a way that gave the government an ability to spy on people.Even if the Federal Reserve were close to recommending a central bank digital currency in the U.S.
"If that were a government account, that the government would see all your transactions, that's just something we would not stand for or do or propose here in the United States," Powell said. He contrasted the U.S. thinking with China, where the government can track user activity in its digital currency.
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