A report earlier this month from the Brookings Institution written by Tim Massad, a former chairman of the Commodity Futures Trading Commission, and Howell Jackson, a Harvard Law School professor, said that instead of getting the Fed involved, “the Treasury Department could, relatively quickly, create digital accounts to provide payment services that would be especially valuable to unbanked and underbanked individuals.”
A Digital Dollar May Help the Poor, but It’s Far From a Done Deal
