Today lawmakers appear determined to ensure america does everything within its power to oppose and obstruct innovations like bitcoin/blockchain/crypto. While china and europe does the opposite. And so perhaps this represents a small microcosm of the paradigm shift taking place.
In my view, America has already lost that capacity to be the leader for innovations and so right now instead of embracing new and better things many politicians are using their vested power to counteract them. In other words, Americans are failing to see the future and are now self=absorbed people. The same is not true with China, the country aiming for global domination in as many fronts as possible. And certainly, it wants to win the economic war eclipsing the power and influence of USA as soon as it is possible.
I am seeing a big potential in the digital yuan not really as the competitor of Bitcoin but as means for China to further its overarching vision and goals. Soon we are waking with the China dominance all over our face. With the kind of professionalism in planning and execution plus with the backing of enough resources, I am sure that this China project is coming our way.
This is not promoting China and its myriad of interests but a wake up call to the people of USA and other big countries.