Perhaps another stupid/newb question but: A CBDC basically demolishes the use case of stablecoins, right? I understand that current Trump policy has buoyed people's hopes of throwing CBDCs into the ash heap of history, but highly contentious and partisan-aligned policies are not very, uh, stable nowadays. I can easily see this seesawing between administrations. And in the event of a financial crisis? Forget about it. I think the opening for monetary innovation in that event would put CBDCs squarely back on the table.

OG Cryptolawyer, Director of Research at Coin Center, Board Member at Zcash Foundation, Advisor at Starkware, JD from NYU Law.  "valkenburgh" most places.

@valkenburgh is an expert on this. from an civil liberties POV, it's a nonstarter, and bank surveillance is already overreaching with mandatory surveillance of transfers in the triple digits.

besides, it's been in development for a long time, and stablecoins are already in production and battle-tested through black swan events. relatively, it's more Luddite than innovative.

𝖒𝖆𝖓𝖉𝖆𝖙𝖚𝖒 𝖆𝖉 𝖆𝖘𝖙𝖗𝖆