A Bill proposed in the United States House of Representatives asks for the United States Treasury to develop an alternative to a CBDC. The proposal comes as a response to the continued work the Federal Reserve and the US Treasury undergo to develop a CBDC. This is a proposal for a “digital equivalent” to physical dollars.
When you keep your coins on Coinbase, Binance, Crypto.com, and all other centralized exchanges you leave them vulnerable to bad actors. Worst part of all? You don’t own the coins, the exchange does because the exchange has your keys. If you’re serious about crypto you need a hardware wallet. “Not Your Keys, Not Your Coins.”