US Democratic lawmakers characterized crypto as an outright “scam” in a Wednesday press conference, pushing for the development and rollout of a central bank digital currency (CBDC).
Representative Maxine Waters called the data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/us-lawmakers-vote-advance-anti-cbdc-bill” title=”null”>CBDC Anti-Surveillance State Act, a bill that would prohibit the creation of a data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/what-are-cbdcs-a-beginners-guide-to-central-bank-digital-currencies” title=”null”>government-controlled digital dollar, the “anti-innovation act.” The anti-CBDC bill and the GENIUS stablecoin bill “endanger our national security,” Waters said.
Representative Stephen Lynch, who also attended press data-ct-non-breakable=”null” href=”https://www.youtube.com/live/EJMfcu2KpYA” rel=”noopener nofollow” target=”_blank” title=”null”>event, said crypto had no…
