US Should Assess Feasibility of a Digital Dollar to Stay Competitive, Says ITIF
WASHINGTON—In response to President Trump’s executive order prohibiting Central Bank Digital Currencies (CBDC), the Information Technology and Innovation Foundation (ITIF), the leading think tank for science and technology policy, released the following statement from Vice President Daniel Castro:
While the United States should avoid rushing into developing a digital dollar, it should continue to assess its feasibility. Many nations are exploring whether to create their own digital currencies and are developing the technical capabilities to do so. To remain competitive globally, the U.S. should be prepared to offer a central bank digital currency that rivals those of its international competitors if necessary.
Contact: Nicole Hinojosa, [email protected]
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The Information Technology and Innovation Foundation (ITIF) is an independent, nonprofit, nonpartisan research and educational institute focusing on the intersection of technological innovation and public policy. Recognized by its peers in the think tank community as the global center of excellence for science and technology policy, ITIF’s mission is to formulate and promote policy solutions that accelerate innovation and boost productivity to spur growth, opportunity, and progress.
