prioritygold.com | 888-465-3008
All the World’s a Stage for CBDC’s
The Digital Dollar Project, a group designed to advance research and promote a U.S. Central Bank Digital
Currency, was started back in 2020 by former Commodity Futures Trading Commission chairman Christopher
Giancarlo. The group describes themselves and their mission as follows:
“The Digital Dollar Project is a nonprofit organization created to encourage research and public
discussion on the potential advantages and challenges of a U.S. Central Bank Digital Currency (CBDC)
— or a “digital dollar.” The Project is focused on convening private sector thought leaders and
proposes possible models to support the public sector through pilot experimentation and working
groups. The DDP will identify options for a potential CBDC solution to help enhance monetary
policy effectiveness and financial stability; provide needed scalability, security and privacy in retail,
wholesale, and international payments; and integrate with existing financial infrastructures.”2
That is quite the charter and seems well beyond the “discussion stage.” In fact, a Digital Dollar is being pushed
by the Fed, several major banks, the media, and the White House which enacted Executive Order 14067 in
March of 2022 called, “Ensuring Responsible Development of Digital Assets.”3 Embedded in the language
are a variety of objectives that the administration describes as “national goals” including advancing digital
payment technology, securing American leadership in the global financial system as well as using
the ‘technological architecture’ of digital assets to promote equitable access to
financial services, address climate change, and exercise human rights.
2 https://digitaldollarproject.org/
3 https://www.federalregister.gov/documents/2022/03/14/2022-05471/ensuring-responsible-
development-of-digital-assets