A number of potential U.S. presidential candidates are taking a strong stance against CBDCs. Opponents paint a future digital dollar as the government's attempt to monitor, and even control, citizen transactions.
that it has made no decision on issuing a central bank digital currency and “would not do so without clear support from Congress and executive branch, ideally in the form of a specific authorizing law.” DeSantis and others jumped on the wordCongress has been talking about CBDCs since at least 2021 when Senator Sherrod Brown wrote a letter to the Federal Reserve urging research on a U.S. CBDC, said Jennifer Lassiter, executive director of the Digital Dollar Project.
What’s notable about the Republican opposition is that it’s not entirely clear who’s on the other side. “While it's true there’s a Republican opposition, there’s not necessarily a strong Democratic support,” said Josh Lipsky, senior director of the Atlantic Council's GeoEconomics Center.a U.S. CBDC and outlined some of the benefits. But Democrats are hardly rallying around a pro-digital dollar agenda. In fact, it’s not clear if anyone really is.
“There aren’t a lot of CBDC champions. Even the Fed themselves have said, very cautiously, we’re studying it, better to get it right than get it first,” said Lipsky. A Fedon the topic outlined both benefits and downsides, while noting that preserving privacy was a key consideration. So why are people getting so worked up about this now? A number of politicians with similar talking points might suggest some influence by consultants, lobbyists or other outside groups. The
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