US Presidential Hopefuls Unite Against Digital Dollar in 2024 Elections.

At least three US presidential candidates from both parties have expressed opposition to a central bank-backed digital US dollar, which is still far from becoming a reality. Some officials at the Federal Reserve have also expressed doubt over the need for one, while Republicans on Capitol Hill have introduced legislation to ban such direct-to-consumer CBDCs, saying they could be used by the federal government to surveil US citizens. Proponents argue that a digital dollar could offer real benefits, including making payments faster and ensuring the dollar's dominance in the global economy.