What the Fed Thinks About CDBCs

What the Fed Thinks About CDBCs
A fair amount of news happened last week: The Federal Reserve announced it is still nowhere close to issuing a digital dollar and the U.S. House of Representatives held a surprisingly substantive discussion around crypto’s energy impact.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.Blockchain bucksThe narrativeThe U.S. Federal Reserve finally published its central bank digital currency (CBDC) report! The long-awaited missive outlined the Fed’s chief questions about CBDCs and provided a window into its thinking on the issue.Why it mattersThe Fed is finally giving us a good…