The number of countries exploring Central Bank Digital Currencies (CBDCs) has surged from 35 in 2020 to 134 currently. President Biden supports a CBDC while former President Trump opposes it. House Republicans are against a government tool for financial surveillance through CBDC. The Federal Reserve sees a CBDC as one of its key duties, aiming to launch a US-based CBDC. The potential implementation of a CBDC raises concerns about financial independence and government control over individuals' finances.
“My Administration places the highest urgency on research and development efforts into the potential design and deployment options of a United States CBDC.” The Biden administration is determined to launch a CBDC and will attempt to undermine Bitcoin in the process. Sound…
This is not about protecting people from sovereign crypto. It’s about launching a US based CBDC. They say it loud and clear below. https://t.co/B1WsgQ4Dqn
The @CFPB continues trying to expand its regulatory authority over our economy. I’m working to investigate this overreach by the CFPB and the impact on Americans who use payment apps and other online services. https://t.co/zCDHwD6I2c
A Central Bank Digital Currency would mean the end of your financial independence, & America already has plans for one underway. Every cent you think you own would ultimately be controlled by government bureaucrats. You wouldn’t actually own a penny to your name. @RealEJAntoni https://t.co/0egvLDKHyB
"If you don’t think the Fed is pursuing a CBDC, think again. The Fed gave this to my staff during a presentation earlier this Congress. They view a CBDC as one of their KEY DUTIES." via House Rep Tom Emmer This is the thing no one is talking about. https://t.co/JqEa5XeVoU
The Biden administration sees it as their "key duty" to abandon our core American values and create a surveillance-style CBDC. Let me be clear: A government tool for financial surveillance will NOT happen so long as House Republicans are in the majority. https://t.co/0Pu1FQf28s
President Biden supports and former President Trump opposes a central bank digital currency. Meanwhile, states are now figuring out how to deal with this new money in their laws. @EconWithNick comments: https://t.co/xS9xJMELTJ #CatoEcon @CatoPodcast https://t.co/CLZ4vhJIdo
According to the @AtlanticCouncil, the number of countries exploring CENTRAL BANK DIGITAL CURRENCIES (CBDCs) has exploded from 35 in 2020 to 134 today. I'm on the same page as my good friend & Durham Prof. Kevin Dowd: CBDCs = BIG BROTHER'S PRYING EYES = BAD.