It is a critical first step that the financial policymakers of the United States have acknowledged the need for a CBDC, but that realization is not enough. 

Because the Libra now seems viable, the question becomes whether there is a need to integrate a digital currency into the global economy.

It falls upon the US to pioneer a strategy that will set the global standard for public health with the goal of preventing future pandemics and outbreaks.

While New York, London, and Hong Kong will continue to play outsized roles in international business, their current privileged status may be more precarious than it seems.