Mon Oct 24, 2022 – 11:50 am EDT
If you’re tired of censorship, cancel culture, and the erosion of civil liberties subscribe to Reclaim The Net.
(Reclaim the Net) — In an interview on CoinDesk TV, Rep. Jim Himes (D-CT) said that the US should develop a central bank digital currency (CBDC) so as not to be “left behind.”
Countries like Australia, Japan, China, and Russia have pilot projects to test CBDCs.
READ: Canada’s Emergencies Act underscores the dangers of a cashless society
Himes said that the US should develop a CBDC so that “we’ve got the option to move forward” if and when the time comes.
“Why would you exit the game before you even know what the game is going to look like?” Himes said. “We could do the research. We could set up a pilot program for a CBDC.”
Himes noted that the US does not have to adopt a CBDC. His point is “since it is a technological innovation, why not keep up with our peers, with our competitors and see where it goes.”
READ: Mastercard CEO tells World Economic Forum digital currencies may replace global banking system
Himes,
The remainder of this article is available in its entirety at LifeSite News
The views expressed in this news alert by the author do not directly represent that of The Official Street Preachers or its editors
