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In today's ExchangeWire news digest: lawmakers in the US propose the Electronic Currency and Secure Hardware Act to create a digital dollar; Alibaba leads
Responding to fears over the rise of cryptocurrencies, Congress wants to give a digital dollar a try.
US Congressional Rep. Stephen Lynch (D-MA) proposed a bill called the ECASH Act that would direct the Department of the Treasury to launch an "e-cash" digital currency system.