US Congress Puts Forth ECASH Bill (This In Addition To A CBDC)

The United States Congress is looking to get all money above board. The idea that anyone can do anything without the government knowing is unacceptable to them.

In this video I discuss a bill that is being put forth that looks to create a digital form of cash. This will not be on blockchain and does not have to go through the Internet. It will be private to the degree that transactions cannot be openly seen (except by the government of course). This will use peer-to-peer technology but the wallets will be designed to meet the specs put forth. This will put a lot of power in the Treasury, giving them the ability to control the money supply and what people do with it.