TOKENIZATION POLICY
The Vanderbilt Terminal for Digital Asset Policy & Regulation
INDEPENDENT INTELLIGENCE FOR TOKENIZATION POLICY, LEGISLATION & POLITICAL ECONOMY
GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91| GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91|

Surveillance

Financial Inclusion or Surveillance? The CBDC Dilemma

CBDCs promise to reach 1.4 billion unbanked people globally, but programmable central bank money carries unprecedented surveillance and control capabilities. The tension at the heart of digital currency policy.

Donovan Vanderbilt · February 24, 2026

Privacy vs. Surveillance: The Central Design Battle in CBDC Policy

The most consequential debate in CBDC policy is not technical — it's political. How much transaction privacy should citizens retain when their money is digital and government-issued? The answer defines the nature of state power in a digital economy.

Donovan Vanderbilt · February 24, 2026 · 9 min read
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