Emerging Technology, Government Finance

The Future of Money and Payments

September 16, 2022

The Future  of whitepaper
On March 9, 2022, President Biden signed an Executive Order on Ensuring Responsible Development of Digital Assets (Executive Order).1 Section 4(b) of the Executive Order directs the Secretary of the Treasury, in consultation with the Secretary of State, the Attorney General, the Secretary of Commerce, the Secretary of Homeland Security, the Director of the Office of Management and Budget, the Director of National Intelligence, and the heads of other relevant agencies, to submit to the President a report on the future of money and payment systems. This report reviews the current U.S. system of money and payments, including developments in instant payments and stablecoins. It also describes design choices for a potential U.S. Central Bank Digital Currency (CBDC) in the context of public policy considerations related to building the future of money and payments, supporting U.S. global financial leadership, advancing financial inclusion and equity, and minimizing risks.

Spotlight

County of San Joaquin

San Joaquin County is east of San Francisco and south of Sacramento. Strategically located in Northern California's dynamic growth corridor, San Joaquin County is already home to major agri-business, manufacturing and distribution companies.

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