Treasury to recommend issuing ‘digital dollar’

By Christopher Hutton

Published September 9, 2022 6:57pm ET

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Treasury to recommend issuing ‘digital dollar’ — In recent weeks, some companies have sent their stocks soaring by announcing that they are getting involved with Bitcoin or blockchain technologies as cryptocurrency prices have soared. (AP Photo/Mark Lennihan, File) | Mark Lennihan

The Treasury Department intends to recommend that the federal government begin moving toward developing a digital dollar, allowing the United States to take significant steps toward adapting to the growing crypto industry and strengthening the dollar’s dominance in competing with China.

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Cryptocurrency Federal Reserve Treasury Department