CBDC and Cryptocurrency - What Is It?

"I'm pretty skeptical. I keep asking anybody, anybody at the Fed or outside of the Fed, to explain to me what problem this is solving," he said. "What is it that a CBDC could do that Venmo can't do? And all I get is a bunch of hand-waving." He added: "If they want to monitor every one of your transactions, you could do that with the central bank digital currency"