Regulators and officials discussed the dangers and risks of a digital version of the world currency at a hearing before the US Senate. With the test phase of the digital renminbi, China is putting pressure not only on the US, but above all on the US dollar. The efforts from China are now likely to have contributed to the fact that the United States is also addressing the issue. In principle, those present at the hearing agreed that digitalisation in the currency sector is irrevocable. Chris Giancarlo, Chairman of the Commodity Futures Trading Commission (CFTC), emphasised in this context that it was now up to the United States to take the lead in the area of digital currencies and privacy issues. In his opinion, the country should focus on financial inclusion and the development of CBDCs. The Federal Reserve Bank has already done research on this. The US Treasury and the Federal Reserve should work together to find solutions.