Before Considering Crypto Regulation, US Wants Digital Dollar Clarity | TPTS

The Federal Reserve is launching a pilot program of the new central bank digital currency, and it's no coincidence that this is happening as FTX collapses.

The New York Fed's Innovation Center is leading this program, and BNY Mellon, Citi, U.S. Bank, and Wells Fargo are piloting it. All are working on a 12-week digital dollar pilot.

Financial regulators aren't rushing to regulate crypto because banks need to test and finalize the "regulated liability network" to issue central bank reserves via DLT.

Thanks for watching this RTD Live Talk. Subscribe & click the 🔔 icon to be notified of future video uploads. Join us for the next live on-air, and bring a topic.

✅ The 4Patriots 3-month emergency food kit will help you get your calories up and ensure you never go without food in emergencies. (Buy any product and save 10% off w/ promo code: RTD) https://www.4patriots.com/rtd

✅ BullionMax offers a limited-time promotion to help you get your weight up. While supplies last, buy 5 ounces of silver at a discounted price. http://bullionmax.com/rtd

✅ Staying plugged in with the dollar's demise has never been easier. Connect with RTD to stay in the mix 👉 https://www.rtd.news

DISCLAIMER: The financial and political opinions expressed in this video are those of the guest and not necessarily of "Rethinking the Dollar." Views expressed in this video should not be relied on for making investment decisions or tax advice and do not constitute personalized investment advice. The information shared is for the sole purpose of education and entertainment.

#FedNow #DigitalDollar #FTXCrash #digitalassets #economy #inflation #recession #silver #dollar