US Democrats defend global CBDC leadership, Republicans fear 'dark side'

Despite approaching THE issue Since enormously different angles, THE two sides were able has accept on A little the basics as THE Invoice pass out of committee.

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Debate In THE United States Home Financial Services Committee during THE markup of THE CBDC Anti-surveillance State Act on Seven. 20 occasionally wandered beyond strictly financial And technical problems. Star Wars And anarchists were mentioned In THE discussion has miscellaneous points, as were crypto brothers.

Below THE rhetoric, THE value of research, WE. citizens' confidentiality And THE role of government In every day life were discussed as they relate has A WE. central bank digital currency (CBDC).

To M Annoy introduced THE Invoice After several other invoices had has been pass through THE Committee. He characterized her Invoice as "simple," saying, "He stop THE efforts of THE administrative State below President Biden Since deliverance A financial monitoring tool that will undermine THE American path of the life. »

"If not designed has imitate species, [he] could give THE federal government THE ability has to watch And restrict Americans' transactions. »

Annoy mentioned THE Chinese digital yuan And government social credit system And Canada frozen of bank accounts during THE truckers demonstration of 2022 as he introduced THE Invoice. THE Invoice has THE support of 60 senators And many organizations, according to has Emmer.

THE Home Financial Services Committee busy Seven. 20 scalendar. Source: Home Financial Services Committee

Ranking member Maxine Waters renowned THE Invoice THE CBDC Anti-innovation Act. She said he would be threaten THE Status of THE dollar as THE main global reserve currency, added:

"We don't do it know has This indicate how THE introduction of CBDC could shape THE global financial landscape. […] Republicans are manufacturing unfounded attacks against A CBDC that do not even exist. »

Later She said THE ticket...