The Act, which previously contained references to a digital dollar in its direct stimulus payments section, no longer does.
The bill states that all residents in the U.S. will be entitled to $1,500 each but individuals with income above $75,000 and couples with income above $150,000 are to refund the incentive. However, the 1,404-page draft only shows a few details on how the payments will be implemented.
This somewhat puts a damper on the possibility of a digital dollar, as expressed recently to the House, by Federal Reserve Chairman Jerome Powell.
bestadmin
