Why the Biden Administration Is Increasingly Concerned with China’s Digital Currency

<p><span style="font-weight: 400;">On today’s “The Breakdown,” NLW looks at an underreported story from earlier this week. There are increasingly loud whispers that officials across several agencies, including Treasury, National Security and Defense, are growing concerned with China’s digital currency efforts. </span></p> <p><span style="font-weight: 400;">NLW looks at:</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Why CBDCs are about power, not digital efficiency </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Why Facebook’s libra was the starting gun</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">China’s possible objectives </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Why the U.S. tone on a digital dollar is changing </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">How Gary Gensler as SEC Chair could portend a broader attitude shift for the U.S. vis a vis digital currencies </span></li> </ul> <div data-pm-slice="1 1 []" data-en-clipboard="true">--</div> <div><em>Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io</em></div> <div>--</div> <div>Enjoying this content?</div> <div> </div> <div>SUBSCRIBE to the Podcast</div> <div>Apple:  https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb</div> <div>Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ</div> <div>Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=</div> <div> </div> <div>Follow on Twitter:</div> <div>NLW: https://twitter.com/nlw</div> <div>Breakdown: <a href="https://twitter.com/BreakdownNLW" rev= "en_rl_none">https://twitter.com/BreakdownNLW</a></div> <div> </div> <div>The Breakdown is produced and distributed by CoinDesk.com</div> <p> </p>