On January 20, 2022, the Federal Reserve published a discussion paper regarding a central bank digital currency. Although they announced in 2021 that the U.S will retain a leadership position in the development of a Central bank digital currency, the creation of a FedCoin is being developed at a moderate pace. Before making any final decisions, the Fed has asked the public to submit answers on 22 questions posed in the recent report. (View Report) The paper reviews the present state of the natio