Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
“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
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.