Republican lawmakers call for answers on digital dollar from Fed vice chair

by Aurelia Butler 8 September 2022, 21:20 169 Views

In a Wednesday letter addressed to Brainard, 24 Republican lawmakers including ranking member Patrick McHenry requested the Fed vice chair provide answers as to whether the central bank sought to “curtail the use of digital assets and other private sector innovative payment methods” by releasing a digital dollar. They also inquired as to what Congress’ role might be in passing legislation in support of a U.S. central bank digital currency, or CBDC.

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Source: Cryptocurrency - investing.com

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Republican lawmakers call for answers on digital dollar from Fed vice chair

Crypto mining could hinder U.S. ability to battle climate change, White House says

Exclusive-Peru economy can grow target-busting 4.3% next year, finance minister says

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