JUST IN: 🇺🇸 US Senator reintroduces legislation to prohibit the Fed from issuing a CBDC. "The US doesn't need to create a CBDC to know it is a bad idea." 👏
@BitcoinMagazine @SenMikeLee Someone should be publishing a list of each congressman and senator that votes no to any of the anti-cbdc legislation that has been coming out.
@BitcoinMagazine @SenMikeLee It’s going to happen CBDCs. It’s a matter of time.
@BitcoinMagazine @SenMikeLee A CBDC has drawbacks from power abuse issues, but so does $USD regardless. Yet its benefits lie in policy tools: for example, the government would be able to set currency inflation rates instantly, and deposit fiscal stimulus money directly into your account!
@BitcoinMagazine @SenMikeLee Just another tool to mess up #bitcoin #CBDCs #fed #inflation
@BitcoinMagazine @SenMikeLee To fight China, The US will create it no matter what. India is in the works too. And adopting #Bitcoin (an existing currency) won't work because the US govt can't control the supply. So, inevitable. Only a matter of time!
@BitcoinMagazine @SenMikeLee I thought the current thinking in Congress was “we have to pass the Bill to know what’s in it”.