CBDCs: an update
plus: slippery oil, US jobs drop, BTC resilience and more
“All you really need to know for the moment is that the universe is a lot more complicated than you might think, even if you start from a position of thinking it’s pretty damn complicated in the first place.” – Douglas Adams ||
Hello everyone, and Happy Friday!!! I expect you’re as relieved to see the back of this week as I am… Take care of yourself this weekend.
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IN THIS NEWSLETTER:
CBDCs: an update - US, EU, China, India, Japan
Markets: slippery oil
Macro: US jobs, ouch
Crypto is Macro Now offers ~daily commentary and updates on the overlap between the crypto and macro landscapes. Plus links and more.
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WHAT I’M WATCHING:
CBDCs
It’s been a while since I reviewed key developments in CBDCs, and their quiet progress serves as a refreshing antidote to the noise in our feeds these days.
US
There are strange things going on in the US around CBDCs, which is something I never thought I’d have to type as a Fed-issued token has always been totally off the table. Even if there was any political will for such an instrument, which there isn’t, the gargantuan task of updating regulation for little benefit would be enough to stall any effort.
And yet political energy continues to be spent on insisting on bans, such as the one that has been inserted in the Senate Banking Committee’s 21st Century ROAD to Housing Act – a ban that would only last until 2030 for some strange reason. And what it has to do with housing, I don’t know. Tiresome political virtue signalling.
