Share this article
'Digital Dollar' Stripped From Latest US Coronavirus Relief Bill
The latest version of a U.S. House bill to stimulate the economy during the coronavirus pandemic no longer includes any language around a digital dollar, though a Financial Services Committee bill still does.
By Nikhilesh De
Updated Sep 14, 2021, 8:21 a.m. Published Mar 24, 2020, 2:15 p.m.
Mentions of a "digital dollar" in a coronavirus-related relief bill before the U.S. House of Representatives – one of the two chambers of Congress – have been scrubbed.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
House Democrats' latest version of the "Take Responsibility for Workers and Families Act," revealed late Monday, does not contain any language around a "digital dollar" in its section on direct stimulus payments.
The lawmakers introduced the bill last week, envisioning a digital payment system organized by the Federal Reserve and its member banks to directly send these funds to U.S. residents to assist them with expenses during the COVID-19 mitigation measures, which have already resulted in massive unemployment and a potentially severe recession.
In the latest 1,404-page draft, U.S. residents would receive $1,500 per person, though individuals with an income greater than $75,000 and couples with an income greater than $150,000 would have to repay the funds.
The section detailing the payments, which starts on page 1,090, appears to be less specific on how these payments would be sent to individuals than previous versions have been.
While the draft bill introduced by Speaker of the House Nancy Pelosi (D-Calif.) on Monday no longer includes any language around a digital dollar, a separate bill introduced by Rep. Maxine Waters (D-Calif.), titled the "Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act," still mentions the digital dollar.
The language is expected to be removed from that bill as well, according to a source familiar with the matter.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
ARK steps in as crypto stocks extend multi-day selloff
Cathie Wood’s ARK Invest added to Coinbase, Bullish, Circle, and crypto miners during a continued drawdown that pushed listed crypto equities deeper into the red.
What to know:
- Cathie Wood's ARK Invest purchased nearly $60 million in crypto equities, including significant investments in Coinbase, Bullish, and Circle.
- ARK's strategy involves buying during market drawdowns, as evidenced by their recent purchases amid a multi-day slide in crypto stocks.
- Crypto stocks have been declining, with Bitmine, Circle, CoreWeave, Coinbase, and Bullish all experiencing notable drops.
Top Stories
