Are they valuing a distributed ledger, or are the various CBDC projects more of a faster-horses answer for ACH? A significant part of the need for distributed

Are they valuing a distributed ledger, or are the various CBDC projects more of a faster-horses answer for ACH? A significant part of the need for distributed systems goes away when you're no longer trying to be trustless, and much of the role of a central bank is to be a central anchor of trust. They can run the whole damn ledger, and there's a solid case for doing so being part of a modern financial system. The more sinister factor I could see is that bad actors like distributed systems because they represent a workaround for KYC/AML/capital control regulations. If Chase allows an account opened by $boogeyman_of_the_week, heads will roll. There's nobody that can be readily sued or intimidated to encourage a decentralized network into excluding a participant.