Arthur Hayes: This Week's Fed Report Is Worth Watching, Could Open the Door to a UST-backed CBDC

BlockBeats News, August 3rd, BitMEX co-founder Arthur Hayes stated that it is important to pay attention to the release of this week's Federal Reserve H.4.1 report to confirm whether the Japanese Ministry of Finance has conducted a repurchase agreement on its government bonds in exchange for dollars, and then sold these bonds to buy yen. If the U.S. Treasury Secretary can successfully raise the counterparty limit, then the Federal Reserve could use the Japanese Ministry of Finance's bonds as collateral to create currency.