Should Congress Ban CBDCs?
US Republican Rep. Warren Davidson speaks out against central bank digital currencies (CBDCs), urging Congress to ban them and criminalize their development
Davidson accuses the Federal Reserve of building a financial "Death Star" with CBDCs, claiming they can be used for coercion and control
Congress must act swiftly to stop the design, development, and testing of CBDCs, says Davidson in response to a "senior crypto architect" position at San Francisco's Fed
Davidson argues that money should be a stable store of value, not programmable by a central authority
He emphasizes the importance of permission-less peer-to-peer transactions
The debate over CBDCs continues to gain momentum, with politicians and the crypto community expressing varying views on the future of digital currencies.