Weekly Roundup 04/14/23 (ETH unstaking, FedNow vs CBDCs, NYT on mining, FTX 2.0 gets closer) (EP.416)
On The Brink with Castle Island
The Fed's Support for CBDCs
Republicans are treating this like the Biden administration was ready to press go on a CBDC. I just think that would take like 10 years to build. And I actually don't see that much support for CBDC in the Federal Reserve. But nevertheless, it's become a talking point. People are calling Fed now like a proto CBDC. It's possible that they turn it on in July and then in subsequent months, turn it off or throttle it if they perceive it to be causing problems with the banks.
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