Digital Dollar Project calls on US government to develop regulatory framework, warns its cautious stance is unsustainable

The updated white paper of the non-profit organization Digital Dollar Project (DDP) stated that the United States has an "unsustainable position" on CBDC and should develop a regulatory framework that is "independent of the decision to deploy the US CBDC" so that in the future " Lead the development of an international regulatory framework around digital currencies". In addition, the white paper states that “in the upcoming CBDC, the United States should actively lead global discussions on governance, interoperability, security, privacy, and scalability standards, rather than reacting to foreign CBDC decisions,” while China The CBDC has enhanced its ability to consolidate its international leadership in the field. Foresight News previously reported that last September, the Digital Dollar Project explored US CBDC technology solutions through a technology sandbox program, with initial participants including Digital Asset, EMTECH, Knox Networks and Ripple.