Many citizens in the US do not like CBDCs, so much so that calls are coming in from various quarters for new regulation to ban the central bank from issuing a natively digital dollar.
The controversy over CBDCs and their regulation in the US
CBDCs, or Central Bank Digital Currencies, are not cryptocurrencies, but trivially natively digital versions of ordinary fiat currencies.
Since they are for all intents and purposes the same fiat currencies already in use every day, it can be difficult to understand this controversy.
The key point is that a CBDC, unlike traditional versions of fiat currencies that are traded with digital instruments but without being natively digital, requires that all transactions be recorded on a single central ledger held, guarded and managed by the central bank.
Up to this point there might not even be any particular problem: Bitcoin for instance records all legacy on-chain transactions on a single and public central ledger.
The problem is that CBDC
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