Brian Brooks, Coinbase legal affairs chief holds that the US government; should take the lead in allowing the private sector to create a US digital dollar. Brook was quoted in a Fortune piece requesting the government to create a digital dollar; or if it could allow the private sector to create one more effectively. According to Brooke, the answer to that question is as well the best way forward;
“The best path forward is one that harnesses our country’s remarkable capacity for innovation and also reflects government’s historical practice of setting broad guide rails for private innovation within the financial system. That means letting innovators invent, and letting government regulate. In short: the private sector should build the technology, and the public sector should set monetary policy.
“The best path forward is one that harnesses our country’s remarkable capacity for innovation and also reflects government’s historical practice of setting broad guide rails for private innovation within the financial system. That means letting innovators invent, and letting government regulate. In short: the private sector should build the technology, and the public sector should set monetary policy.
