Comment by pjc50

> Is the demand for control so much greater than the demand for money combined with providing a public good?

Yes. Also the current administration is hostile to public goods as a concept.

The politics around this is very weird. The US is basically regularizing "stablecoins" as electronic dollar-proxies while banning central bank digital currencies which the Fed has never planned to do. Basically to ensure all the profit and privacy risks stay in the private sector.