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Republicans Push To Halt CBDC, Democrats Warn Of US Falling Behind
The U.S. House of Representatives is set to deliberate on a new crypto bill after it received the green light from a committee on Wednesday. This move signified a step forward for the digital assets legislative process in Congress. The bill, championed by Republicans in the House Financial Services Committee, aims to regulate the potential introduction of a U.S. central bank digital currency (CBDC). Rep. Patrick McHenry (R-N.C.), the committee's head, emphasized that the legislation sought to ensure that "any U.S. CBDC must be explicitly authorized by Congress" and will safeguard "Americans’ privacy and our ... (full story)
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- Posted: Sep 21, 2023 11:00am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 123
