Fed looking into central bank digital coins

When the day comes to pass, we will definitely need to have 2 things:

1) a way to keep debt securitization under control. The rate we saw institutions repackage loans and "insure" them with paper was astronomical and would be dwarfed by equivalents on-chain. Contagion-squared.

2) less friction in a fiat-token on/off ramp means financial institutions are going to need to have a real strategy on blockchain projects. There will be less separation between tokens and traditional markets. Trading patterns of crypto moonboys could potentially spill over to non-crypto markets.