The Coronavirus Stimulus Package offered by the House Financial Services Committee called for the creation of a digital dollar. This idea has been discussed in the Senate too. Seemingly, the pandemic has pushed this idea- a concept long overdue- to the forefront for discussion. And others are seemingly working on this. Visa filed for a patent for a blockchain digital dollar.
So why do we need it? Read Jason's interview with former CFTC Chairman Chris Giancarlo here.