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Digital currency

Digital currency

Reps Lynch & Pressley Introduce Legislation to Develop Electronic Version of U.S. Dollar

By David Ertischek | March 29, 2022

Congressman Stephen Lynch (D-MA 8) and Congresswoman Ayanna Pressley (D-MA 7) introduced a bill that would develop an electronic version of the U.S. dollar. “As digital payment and currency technologies continue to rapidly expand and with Russia, China, and over 90 countries worldwide already researching and launching some form of central bank digital currency, it is absolutely critical for the U.S. to remain a world leader in the development and regulation of digital currency and other digital assets,” said Rep. Lynch, Chairman of the Task Force on Financial Technology. “By establishing a pilot program within Treasury for the development of an electronic U.S. Dollar, the ECASH Act will greatly complement and advance ongoing efforts undertaken by the Federal Reserve and President Biden to examine potential design and deployment options for a digital dollar. Importantly, this pilot program will also preserve a role in our financial system for smaller anonymous cash-like transactions which are currently transacted in physical dollars and which have seen a rapid decline in use.”

The White House previously announced an executive order on March 9 instructing numerous federal agencies to study digital assets and provide numerous reports about their use and proposals that could regulate them. The hope of this legislation is to promote greater financial inclusion, maximize consumer protection and data privacy, and advance U.S. efforts to develop and regulate digital assets.

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Meditation Mondays at the Arnold Arboretum

September 25 @ 6:30 pm - 7:00 pm Recurring

Meditation Mondays at the Arnold Arboretum

Every Monday, July 10 through September 25. 6:30-7:00pm in July and August; 6:00-6:30pm in September https://arboretum.harvard.edu/events-2/meditation-mondays/ Unwind with this 30-minute, evening meditation under the shade of the maple collection at […]

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Mapping Places From Above: A Peak into the BPL’s Bird’s-Eye View Map Collection

October 5 @ 6:00 pm - 7:30 pm

Mapping Places From Above: A Peak into the BPL’s Bird’s-Eye View Map Collection

The Boston Public Library holds a remarkable collection of approximately 500 bird’s-eye view maps from the late-nineteenth and early-twentieth centuries. How were these maps produced? How accurate are they? What […]

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5:30 pm - 7:00 pm

Vigil in Support of Black Lives Matter

October 6 @ 5:30 pm - 7:00 pm

Vigil in Support of Black Lives Matter

Everyone is warmly invited to the October 6 Vigil in Support of Black Lives Matter. Our speaker this month will be Mimi Pichey, a researcher and convener of Hidden Jamaica Plain, a […]

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11:00 am - 1:00 pm

Margarita Muniz Academy Hispanic Heritage Celebration

October 14 @ 11:00 am - 1:00 pm

Margarita Muniz Academy Hispanic Heritage Celebration

On Saturday, October 14 th , between 11:00 a.m. and 1:00 p.m., the Muniz Academy, 20 Child St., Jamaica Plain, is inviting the entire community to join them in celebration […]

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1:00 pm - 3:00 pm

Author Talk: A Boston Harbor Islands Adventure

October 28 @ 1:00 pm - 3:00 pm

Author Talk: A Boston Harbor Islands Adventure

In July 1891, four intrepid women from Lowell, Massachusetts, set off for Great Brewster Island in Boston Harbor for an adventure they would remember all their lives. Calling themselves “the […]

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September 25 @ 6:30 pm - 7:00 pm Recurring

Meditation Mondays at the Arnold Arboretum

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October 5
October 5 @ 6:00 pm - 7:30 pm

Mapping Places From Above: A Peak into the BPL’s Bird’s-Eye View Map Collection

October 6
October 6 @ 5:30 pm - 7:00 pm

Vigil in Support of Black Lives Matter

October 14
October 14 @ 11:00 am - 1:00 pm

Margarita Muniz Academy Hispanic Heritage Celebration

October 28
October 28 @ 1:00 pm - 3:00 pm

Author Talk: A Boston Harbor Islands Adventure

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October 5
October 5 @ 6:00 pm - 7:30 pm

Mapping Places From Above: A Peak into the BPL’s Bird’s-Eye View Map Collection

October 6
October 6 @ 5:30 pm - 7:00 pm

Vigil in Support of Black Lives Matter

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October 14
October 14 @ 11:00 am - 1:00 pm

Margarita Muniz Academy Hispanic Heritage Celebration

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October 28 @ 1:00 pm - 3:00 pm

Author Talk: A Boston Harbor Islands Adventure

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ABOUT JAMAICA PLAIN NEWS

Jamaica Plain News is an independent online news source and community platform for the Jamaica Plain neighborhood of Boston, Massachusetts.

David Ertischek

Our publisher David Ertischek has been a community journalist for more than 18 years. He has been the editor and reporter for local newspapers and websites. He has lived in Jamaica Plain since 2002. His favorite thing about Jamaica Plain is the Arnold Arboretum.

Jamaica Plain News is supported by advertising from local businesses. Please click here to learn more about advertising on Jamaica Plain News or email David Ertischek at david@jamaicaplainnews.com.

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