GOVERNMENT RELATIONS CASE STUDY
Understand The Need
eCurrency is a technology and security company that has spent the last decade researching and developing the technology behind the creation of a Central Bank Digital Currency (CBDC).
Globally, eCurrency advocates the benefits and potential of a CBDC. Domestically, they encourage the U.S. to advance toward the creation and adoption of a U.S. CBDC – or digital U.S. dollar.
ISSUES & CHALLENGES
A Hot Topic Debated with Little Progress
Entering the National Stage
eCurrency was looking to raise the profile of this issue – and the work they have done on it – in order to move the process along to development.
Our Federal Government Relations team was engaged to lead discussions with policy makers and experts – eventually bringing the eCurrency team to the table with lawmakers for this discussion.
“People don’t want the government to look at their banking information and their transactions. That's why I think it’s important that we use intermediaries. A CBDC would function in the same way that cash does through commercial banks and different payment providers.”
Jonathan McCollum, Chair of the Federal Government Relations Practice, DHC
Developing The Plan
DHC arranged meetings with leadership on the House Financial Services Committee and Senate Finance Committee to discuss legislative progress and technical specifications.
DHC also arranged meetings with the Department of Treasury, the Department of Commerce, and the White House to discuss the administration’s position and role in advancing the CBDC conversation.