A Modest Victory in Combating CBDC
Despite opposition from Democrats, a bill aimed at preventing CBDC has received approval from the Financial Services Committee of the U.S. House of Representatives.
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Critics of the bill argue that it may jeopardize the United States' position in the global CBDC arena, potentially ceding leadership to China. Some even suggest that it could pose a risk to the dollar's status as the global reserve currency.
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