Treasury Secretary Janet Yellen speaks after touring the IRS New Carrolton Federal Building in Lanham, Md. The Biden administration is moving one step closer to developing a central bank digital currency, otherwise known as the digital dollar. / ALEX BRANDON / ASSOCIATED PRESS FILE PHOTO
WASHINGTON (AP) – The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar, saying it would help reinforce the U.S. role as a leader in the world financial system. The White House said on Friday that after President Joe Biden issued an executive order in…