The U.S. Federal Reserve listed a central bank digital currency (CBDC) as one of its “key duties” in a document presented to members of Congress.
House Majority Whip Tom Emmer, a Republican from Minnesota, says Fed officials handed his staff a document earlier in the Congressional session titled “Key Duties of the Fed – Payment Systems.”
“If you don’t think the Fed is pursuing a CBDC, think again… They view a CBDC as one of their KEY DUTIES.”
Source: Tom Emmer/X
Emmer, a vocal crypto supporter and CBDC skeptic who once said that digitized fiat dollars would be nothing more than a way for the government to spy on its citizens’ financial transactions, didn’t provide additional context for the Fed document.
However, while testifying to Congress last week, Fed Chair Jerome Powell said his institution had no plans to roll out a CBDC anytime soon.
“We’re nowhere recommending or let alone adopting a central bank digital currency in any form, but the idea
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