US Republicans continue pushing against digital dollar CBDC
Yesterday, Republican Congressman Warren Davidson spoke out against developing a future digital dollar, saying “Central Bank...
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Yesterday, Republican Congressman Warren Davidson spoke out against developing a future digital dollar, saying “Central Bank...
After Florida became the first state to pass anti-CBDC legislation, DeSantis said he would consign the digital dollar project to history.
Michael Greco, policy research director at the Digital Dollar Project, says the Fed needs Congress to pass the right law first.
The bill further states: “No central bank digital currency shall be considered legal tender under section 16 5103 of title 31, United States Code.”
The non-profit organization advocating for a U.S. central bank digital currency plans to work with crypto platforms like Digital Asset and Ripple to explore technical and policy aspects of a digital dollar.
"It is now time for Congress to begin the process of considering and ultimately passing authorizing legislation for the issuance of a U.S. CBDC," said Representative Jim Himes.
Project Galaxy is the world's largest Web3 credential data network.
Waves founder Sasha Ivanov says Alameda Research is behind the ongoing WAVES price decline.