Trump’s Fed Nominee Judy Shelton Says U.S. Should Be Proactive On Digital Dollar

Judy Shelton, President Trump’s nominee to the Federal Reserve Board, told lawmakers that digitizing the U.S. dollar could help maintain the currency’s ascendancy in global commerce.

At her Senate confirmation hearing on Feb 13, Shelton said the U.S. needs fintech innovation to keep ahead of other countries. Shelton said "Rival nations are working very diligently to have an alternative to the dollar. I think it is very important that we get ahead of the curve to ensure that the dollar continues to offer the best currency in the world."

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