One could argue, for example, that the general public has a fundamental right to hold a riskless digital payment instrument, and a CBDC would do this in a way no privately issued payment instrument can.18 On the other hand, thanks to federal deposit insurance, commercial bank accounts already offer the general public a riskless digital 4/6  BIS central bankers' speeches  payment instrument for the vast majority of transactions.
One could also argue that the Federal Reserve should provide a digital option as an alternative to the commercial banking system.