Title: Digital Dollar And Digital Wallet Bill Surfaces In The U.S. Senate
Headings: Digital Dollar And Digital Wallet Bill Surfaces In The U.S. Senate
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Member Vs. Non-Member Banks In The United States
Federal Reserve Banks and the U.S. Postal ‘Banking’ Service
Banking For All Act

Content: 9 (1) IN GENERAL.—Member banks shall open
10 and maintain pass-through digital dollar wallets for
11 all persons, including persons eligible to receive pay- 12 ments from the United States pursuant to a Federal
13 law relating to the coronavirus disease 2019
14 (COVID–19), who elect to deposit funds into pass- 15 through digital dollar wallets. 16 (2) MAINTENANCE OF ASSETS.— 17 (A) IN GENERAL.—Each member bank
18 shall establish and maintain a separate legal en- 19 tity for the exclusive purpose of holding all as- 20 sets and maintaining all liabilities associated
21 with pass-through digital wallets. 22 (B) CONTENTS.—The assets of any entity
23 described in subparagraph (A) shall consist ex- 24 clusively of a balance maintained in a master
25 account at a Federal reserve bank, and the li-
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Jason Brett
I am a former U.S. Regulator with the FDIC, compliance examiner for the Making Home Affordable Program (HAMP) with the Treasury, and have been active in bitcoin and
…
I am a former U.S. Regulator with the FDIC, compliance examiner for the Making Home Affordable Program (HAMP) with the Treasury, and have been active in bitcoin and blockchain since 2016. I served in in the FDIC’s Capital Markets and Finance Divisions during the Global Financial Crisis of 2008-2009 working on qualitative, quantitative issues covering IndyMac Bank, Washington Mutual, Wachovia, Lehman Brothers, AIG, Citigroup, Merrill Lynch and Bank of America. I supported the FDIC’s Board at IndyMac bank with deposit run analysis, researched and explained synthetic collateralized debt obligations, credit default swaps, compiled the exposure of net notional derivatives in the financial system, and analyzed new programs by the Federal Reserve Board to stabilize the economy. I became interested in the importance of trust in the financial system and how the U.S. government manages the concept of trust. With the introduction