Former Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo said back in February 2020 that the US authorities needed to accelerate the development of a digital version of the dollar.
According to the ex-head of the regulator, the American token will become a counterbalance to the digital yuan, which is already being tested by the People’s Bank of China.
A similar position was taken this week by former CIA analyst Yaya Fanoozi. In an interview with Bloomberg, he said that if Washington does not accelerate the creation of a digital currency, then the United States will lose control of the global financial system. CBDC will become part of the global payment infrastructure and there is no need to change anything in it.
The American authorities are now able to put pressure on any state through sanctions, as they control the global financial system.
To maintain the dominant position of Washington, the launch of the digital dollar is required. If the government and the Federal Reserve system delay, then such a policy will lead to large negative geopolitical and economic consequences, the former CIA analyst emphasized.
