Republican lawmakers call for answers on digital dollar from Fed vice chair By Cointelegraph
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Republican lawmakers call for answers on digital dollar from Fed vice chairMembers of the House Committee on Financial Services have called for Federal Reserve vice chair Lael Brainard to clarify her position on a central bank digital currency ahead of deadlines set by United States President Joe Biden’s executive order on digital assets.
In a Wednesday letter addressed to Brainard, 24 Republican lawmakers including ranking member Patrick McHenry requested the Fed vice chair provide answers as to whether the central bank sought to “curtail the use of digital assets and other private sector innovative payment methods” by releasing a digital dollar. They also inquired as to what Congress’ role might be in passing legislation in support of a U.S. central bank digital currency, or CBDC.
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Republican lawmakers call for answers on digital dollar from Fed vice chairMembers of the House Committee on Financial Services have called for Federal Reserve vice chair Lael Brainard to clarify her position on a central bank digital currency ahead of deadlines set by United States President Joe Biden’s executive order on digital assets.
In a Wednesday letter addressed to Brainard, 24 Republican lawmakers including ranking member Patrick McHenry requested the Fed vice chair provide answers as to whether the central bank sought to “curtail the use of digital assets and other private sector innovative payment methods” by releasing a digital dollar. They also inquired as to what Congress’ role might be in passing legislation in support of a U.S. central bank digital currency, or CBDC.
Continue Reading on Coin Telegraph
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