Presidential campaigns consider digital currencies 

Source: https://www.coindesk.com/consensus-magazine/2023/05/04/central-bank-digital-currencies-are-unexpectedly-becoming-a-presidential-election-issue/
Source: https://www.coindesk.com/consensus-magazine/2023/05/04/central-bank-digital-currencies-are-unexpectedly-becoming-a-presidential-election-issue/

Helium Summary: Potential US presidential candidates are debating Central Bank Digital Currencies (CBDCs), despite the Federal Reserve having no plans to issue a digital dollar [Coin Desk].

Meanwhile, GOP Sen. Tim Scott is expected to announce his presidential campaign on May 22 [Fox], and Florida Gov. Ron DeSantis has taken steps indicating a potential presidential run as well [newsnationnow.com].


June 01, 2023



Perspectives

Pro-CBDC


CBDCs can promote financial inclusion and efficiency [Coin Desk]

Anti-CBDC


CBDCs could erode privacy and increase government control [Coin Desk]



Q&A



Will CBDCs be a central topic in the upcoming presidential campaigns?

It is unclear, but CBDCs may gain increasing attention from candidates in the lead-up to the 2024 election [Coin Desk].



News Media Bias (?)


Sources vary in biases, from relatively neutral reporting (New York Times, CBS) to more conservative (Fox News) or left-leaning sites (Daily Kos, The Atlantic).

Factual reporting is seen across sources.



Context


Future monetary policies, including CBDCs, could become talking points in the 2024 US presidential campaigns, influencing public opinion and the country's financial future.



Takeaway


The 2024 presidential campaigns could shape or reflect public opinion on CBDCs, even amid uncertainties about a US digital dollar.



Potential Outcomes



1) CBDCs become a major campaign topic (45%)

2) CBDCs remain a niche issue in campaigns (55%)



Discussion:



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