U.S. President Joe Biden will appoint Federal Reserve Vice Chairman Lael Brainard as his chief economic adviser, Bloomberg News reported, citing people familiar with the matter. Foresight News previously reported that Lael Brainard, currently No. 2 at the Federal Reserve to lead the Fed’s exploration of a digital dollar, had previously stated that the crypto industry needs to meet the same security standards as traditional finance to prevent it from becoming a threat to the broader financial system. Threats, and have expressed support for the United States to issue a CBDC.