nope. what that will do is give all electronic currencies like bitcoin more credibility.
that’s like saying the usps is going to (back in the day) come out with its own clunky version of a fax machine, which will bury the fax machine. it will have some advocates, for sure, and that’s great....competition is good.
but once the government endorses the concept of electronic currency like that, bitcoin will become much more widely accepted (if not understood). and then it will be seen correctly as untethered from political control / fed policies.
You say “nope” only because you have this hobbyist mentality with no real world understanding of what it would take to implement on a wide scale.
In 1991, I attended a conference on the status and details of the implementation of the new Euro.
Sat 10 feet from the head of the European Central Bank as he gave an overview of the progress and status. Remember when he entered the back of the room, back doors swung open and in he came with two huge bodyguards on either side. They stood on either side of him as he spoke. You could tell they were packing serious firepower under their jackets, just like secret service guys.
At lunch that day, sat at a table for 6 that included the head of the Dallas FED, a French finance minister type, and 3 others. Discussions were of the enormous complexity of changing all banking IT infrastructure, retail infrastructure, currency and stock exchanges, etc. and the enormous effort and complexity of the testing and coordination that was required.
Here’s a simple example of why’s that is all needed:
You walk into a Taco bell and want to buy a taco. You have 5 JoeCoins in your phone crypto account. You order the taco and when you tell the cashier you want to pay in JoeCoins, she gives you a blank look. You explain what JoeCoins are. She says “Oh, I heard about that from my friend.” You think “Awesome, I’m getting my taco.” Then she says her point of sale register can’t accept JoeCoins, there is no button to specify she is accepting JoeCoins and to get them from you.
NO TACO!