A recent Atlantic Council study highlights a global surge in the exploration of Central Bank Digital Currencies (CBDCs), with 134 countries, representing 98% of the global Gross Domestic Product (GDP), now investigating digital versions of their currencies. This movement includes significant advancements, with over half of these nations in advanced development, pilot, or launch stages. Notably, the United States appears to be lagging in this digital currency race, despite the Federal Reserve declaring CBDCs a 'key duty' to Congress. GOP Majority Whip Tom Emmer has emphasized the Federal Reserve's commitment to pursuing a CBDC, contradicting any skepticism about the Fed's intentions. Furthermore, a leaked document shared by Emmer suggests that the Federal Reserve may indeed be considering a CBDC implementation, contrary to previous public statements. Meanwhile, the European Central Bank has announced plans to introduce a 'Digital Euro' CBDC next year, marking a significant step in the digital currency landscape.