I saw this news and it got me thinking if the growth of Bitcoin in United States is gonna be hindered since the government plans on introducing digital dollar. Though I've no idea how it's gonna work.

The White House is urging the Federal Reserve to explore the launch of a digital dollar, or Central Bank Digital Currency, which would be controlled by the Fed. This identical digital twin of the dollar would be completely regulated.

A U.S. digital dollar "facilitates faster cross-border transactions and is environmentally sustainable," the Biden administration explained. "It could promote financial inclusion and equity by enabling access for a broad set of consumers."

It could also "protect against cyber and operational risks, safeguard the privacy of sensitive data, and minimize risks of illicit financial transactions."

In addition, the White House believes a U.S. digital dollar "could also help preserve U.S. global financial leadership, and support the effectiveness of sanctions."

I myself don't think this will be that much of an issue since the so called "Digital Dollar" is still gonna be controlled by the Federal Governments which makes it not decentralized unlike Bitcoin.

But what do you think?