Will the US Roll Out a CBDC?

So, Trump and the GOP are all about the Anti CBDC Act, but it's still stuck in Congress. If the Dems sweep the 2028 elections, they could totally greenlight a US CBDC. Other countries are already moving forward, so the US can't afford to lag behind. Imagine a showdown between the USD and EUR for dominance. What are your thoughts? Is a US CBDC coming?

I really think a US CBDC is coming, it’s just a matter of time. Trump’s got a few years left, and once there's a shift in leadership, they'll definitely push for it. Sure, it might flop a couple of times like Bitcoin Futures did, but eventually, they'll nail it. Global trends are forcing the US to adapt, and CBDCs are part of that.

Honestly, I think the US cares more about letting private stablecoins thrive rather than launching a CBDC. If they feel the need to compete with the Euro, sure, maybe a CBDC could happen. But right now, the focus seems to be on privatization.

I'm not convinced a CBDC is even needed. What's the point? The dollar works fine. Countries like Russia are working on their digital ruble, but even their motives are murky. Why go through all this hassle when the current system works?

If I can send USD digitally via my bank, isn't that already a digital dollar? What’s the real use case for a CBDC? Seems like a waste of resources to me. They should invest in something useful instead.

I mean, it’s bound to happen, just a question of timing. We’re already seeing a race in digital currencies, just like what's happening in AI. Competition will drive this forward. And come on, how does Trump benefit from pushing a CBDC when crypto is booming?

As other countries roll out their digital currencies, it's kinda a no-brainer that the US will follow suit. I read an interesting thread about how digital money helps track transactions, making it easier for the government to monitor. It's all about control, and honestly, we might be stuck with digital payments in the future.

Totally agree. Control is the name of the game. It’s coming, whether we like it or not. Different regions might have different experiences, but it’s not like we’ll have a choice. Maybe we’ll get some crypto alternatives, but who knows?

I don’t see a US CBDC happening. Trump’s policies are against it, so it feels irrelevant now. Plus, we’ve got stablecoins like USDC and USDT. Honestly, banning CBDCs seems like a smart move to protect privacy.

Yeah, I think a US CBDC is inevitable too. When it rolls out, it might not even be the same as what people are imagining now. But it’ll still be a government-issued digital currency, so it counts.

About 80% of folks in the US have smartphones, so a digital dollar would still leave 20% in the dark.

You really think the Republicans will lose in 2028? I doubt it. If things stay stable, Trump might just secure another win. Who knows what could happen?

I’m not sure the Trump team even knows what they’re doing with CBDCs. It feels like they’re just following crypto lobbyists without understanding the implications. What’s the real difference from our current banking system?

Many countries are exploring CBDCs, but the US seems more focused on keeping the dollar dominant. They’ve got advanced payment systems that work fine. I think they’re just not in a rush to join the CBDC race.

No digital Euro this decade! They’re still testing it. You’re missing the point; there’s no real supremacy here. People in Europe can have free accounts and transactions without needing a digital Euro.

I don’t think a US CBDC will happen. Even if there’s interest, the process will be so slow that people will just stick to cash or digital wallets.

Isn't there a real incentive for Europe to launch a digital Euro? Not for efficiency, but for surveillance? I mean, eliminating cash gives authorities way more power.

You’re onto something. “Privatizing” stablecoins? More like losing control over the dollar. The government needs its own digital currency to maintain oversight.

Europe’s in a downward spiral. A CBDC won’t change the fact that they’re struggling.

CBDCs are such a hot topic, especially in the US. Project Hamilton is out there too. But honestly, no major economy has successfully launched a CBDC yet. And with all the geopolitical issues, it’s going to be a long wait.