Congressman Warren Davidson proposes bill against CBDCs
- —CBDCs would be classified as counterfeit money
- —Penalties would apply to planning, designing and launching a CBDC
- —Davidson says CBDCs undermine the integrity of the financial system
Why it matters: The initiative increases pressure on the Fed's digital dollar plans and could influence digital currency regulation in the U.S.
Source: Coinfomania
More on this
Regulation · 04:42CFTC warns 'mention market' prediction contracts carry heightened manipulation risk
Regulation · 04:31SEC's Jamie Selway pushes bipartisan support for tokenization and crypto
Regulation · 04:20OCC grants preliminary approval to three stablecoin-focused trust banks: Agora, Catena and Bastion