During an open hearing by the House Committee On Financial services yesterday, the Honorable Christopher Giancarlo once again advocated for the use of a Central Bank Digital Currency (CBDC), effectively digital dollars, as a solution to directly distribute the COVID stimulus packages to citizens. Members of the House Committee On Financial Services met for the open hearing Task Force On Financial Technology held yesterday, June 11. The hearing focused on the topic of the US government’s ability and options for delivering stimulus payments efficiently to citizens – and specifically discussed the more than 8 million unbanked families across the US.
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