Coinbase: the US government should have a private company create the digital dollar

As stated by the legal manager who works for Coinbase, Brian brooks, the US government should not take charge of creating the digital US dollar but this task should be left to a private sector entity. 

In an interview with Fortune, the November 4, for Brooks of Coinbase, the private sector should be building digital dollar technology. According to him, the US government should ask itself if the creation of this digital currency, in fact, would not be more effective if to put technology hand was private and not public company. 

During his statement he stated precisely that: the best way to go is one that offers a remarkable one capacity for innovation in the country and which also reflects the historical practice of the government to establish broad guidelines for private innovation within our financial system. This means that innovators must be left with the ability to invent and then have the government set this course. In short words should be entrusted to private individuals the burden of implementing technology, letting the public exclusively set monetary policy. 

Brooks during the interview he agrees that the US is and will continue to play a pivotal role in the field of global technological innovations, but to maintain this leadership the government needs the private sector. The government must not stifle the world of digital currencies and the development of its technologies. 

The legal advisor of Coinbase states that: the United States is able to take the lead without the need to exercise control, which is not necessary, on the technological innovations that are improving the financial system. This whole path can be followed by empowering central banks and at the same time creating a trust between institutions and individuals. 

The United States must allow cryptographic companies to innovate, because only in this way is it possible to compete with powers in the technology sector like China.

DeerCreek's managing partner, Mike Wasyl which operates in Asia Pacific and in the United States, said that they are stuck in the field of innovation precisely because of the innumerable regulations, and that instead the State should take inspiration from the active policies that China is pursuing, with decisions broad macroeconomics and public adoption of the blockchain.