Yesterday, Republican Congressman Warren Davidson spoke out against developing a future digital dollar, saying “Central Bank Digital Currency (CBDC) corrupts money into a tool for coercion and control.” Like other Republicans, Mr. Davidson is strongly against programmability.
Davidson was reacting on Twitter to a CBDC job advertisement from the Federal Reserve Bank of San Francisco when he compared the development of a digital dollar to “the financial equivalent of the Death Star.”
One user responded that “necessary policies need to be implemented to ensure privacy and other consumer protection needs,” adding that the evolution toward smart programmable money should be welcomed.
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