Being toward to a digital economy of the future, the US and allies challenge China with the liberalization of digital currencies

In the first quarter of 2024, the U.S. Securities and Exchange Commission (SEC) approved spot exchange-traded funds (ETFs) that track the price of bitcoin.

For the crypto industry, a spot bitcoin ETF increases its legitimacy and promotes Bitcoin to the mass consumer. Similar processes of active digital currency development are observed in Europe and US allies in Asia.

The transition to piloting digital currencies and payment instruments transforms modern economies into digital ones. Still, the success of this transformation depends on the ability to integrate the advantages of various digital currency instruments into a single system.