US CBDC Won't Be Anonymous, Says Fed Chair Jerome Powell: What This Means
In a definitive statement that sent ripples through the financial world, Jerome Powell, the Chairman of the Federal Reserve, confirmed on February, that a central bank digital currency (CBDC) in the U.S. would “not be anonymous.” This pronouncement has sparked considerable debate about the future of digital finance and individual privacy in the United States. The comments directly contradict the vision of decentralized, anonymous cryptocurrencies held by many.
Powell Rules Out Anonymous CBDC, Hints at Future Considerations
Federal Reserve Chairman Jerome Powell said that a central bank digital currency (CBDC) in the U.S. would “not be anonymous” during an event hosted by the Bank of International Settlements. The implication is clear: a US CBDC would likely involve identity verification and transaction tracking, unlike the perceived anonymity of some cryptocurrencies. This raises significant questions about government oversight and potential access to personal financial data.
No US CBDC Under Powell's Leadership? Recent Clarifications
While initially suggesting the possibility of a CBDC, Fed Chair Jerome Powell confirmed the U.S. will not create a central bank digital currency under his leadership. Federal Reserve Chair Jerome Powell has also confirmed that the US will not launch a central bank digital currency (CBDC) while he remains in charge. Speaking during a recent Congressional hearing, he emphasized the importance of addressing privacy concerns before even considering such a move. This doesn't entirely eliminate the possibility of a CBDC in the future, but it significantly pushes back any potential launch timeline.
Stablecoins Versus CBDC: A Shift in Focus?
Fed Chair Powell ruled out a US CBDC under his tenure, potentially backing a shift towards stablecoins. The US-based stablecoins, led by USDC, may offer a more readily available solution for digital payments without the centralized control concerns associated with a CBDC. This approach appears to align with the Trump administration’s earlier push for stablecoins over digital fiat, suggesting a potentially bipartisan interest in exploring alternative digital currency solutions.
Future of Digital Currency in the US: A Cautious Approach
Federal Reserve Chair Jerome Powell has made it clear that the United States will not introduce a Central Bank Digital Currency (CBDC) during his tenure. This cautious approach reflects the ongoing debates surrounding privacy, security, and the potential impact on the existing financial system. While the US may not be leading the charge on CBDCs currently, the discussion is far from over, and future developments will be closely watched.
Note: While some reports initially suggested a possible launch date (e.g., 27 de sept. de 2025), these projections are now considered highly unlikely given Powell's more recent statements.