Based on the prospective United States CBDC design options, this report shall include an analysis of:(i) the potential implications of a United States CBDC, based upon the possible design choices, for national interests, including ramifications for economic growth and stability;(ii) the prospective implications a United States CBDC might have on monetary inclusion;(iii) the possible relationship between a CBDC and private sector-administered digital assets;(iv) the future of sovereign and independently produced money globally and ramifications for our financial system and democracy;(v) the extent to which foreign CBDCs might displace existing currencies and modify the payment system in manner ins which could weaken United States monetary midpoint;(vi) the potential ramifications for national security and financial criminal offense, consisting of an analysis of illegal financing dangers, sanctions risks, other police and nationwide security interests, and ramifications for human rights; and(vii) an evaluation of the results that the growth of foreign CBDCs may have on United States interests normally.(c) The Chairman of the Board of Governors of the Federal Reserve System (Chairman of the Federal Reserve) is encouraged to continue to research study and report on the extent to which CBDCs could enhance the performance and decrease the expenses of existing and future payments systems, to continue to evaluate the optimum form of a United States CBDC, and to establish a tactical plan for Federal Reserve and more comprehensive United States Government action, as suitable, that assesses the essential steps and requirements for the prospective application and launch of a United States CBDC.
Sec. 5. Steps to Secure Consumers, Financiers, and Organizations. ( Official Info Here ) The increased usage of digital assets and digital asset exchanges and trading platforms may increase the dangers of criminal offenses such as scams and theft, other statutory and regulative offenses, personal privacy and information breaches, unjust and abusive acts or practices, and other cyber incidents dealt with by consumers, financiers, and businesses.