Lynch joined his Democratic colleagues in denouncing cryptocurrencies and calling for a central bank digital currency (CBDC).
US Democratic lawmakers characterized crypto as an outright “scam” in a Wednesday press conference, pushing for the development and rollout of a central bank digital currency (CBDC).
Representative Maxine Waters called the CBDC Anti-Surveillance State Act, a bill that would prohibit the creation of a government-controlled digital dollar, the “anti-innovation act.” The anti-CBDC bill and the GENIUS stablecoin bill “endanger our national security,” Waters said.
Representative Stephen Lynch, who also attended press event, said crypto had no legitimate use case:
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments