Warren Davidson, U.S. representative and part of the House Committee on Financial Services, has disregarded issuing a central bank digital currency (CBDC) in the country. Davidson explained that CBDCs corrupt money into a “tool for coercion” and detailed that there was no legal way of issuing such a currency without legislation.
U.S. Representative Warren Davidson: CBDCs ‘Corrupt Money’
Warren Davidson, a U.S. representative for the state of Ohio and a member of the House Committee on Financial Services, has revealed its stance on central bank digital currencies (CBDCs) and the possibility of issuing a digital dollar in the country.
Commenting on a recent article published by the Washington-based Cato Institute, where the institution criticizes the idea of CBDCs and lists the risk associated with their issuance, Davidson stated:
Central bank digital currency (CBDC) corrupts money into tool for coercion & control. Thankfully, there is no legal way to implement CBDC in Americ
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