U.S. lawmakers may be warming to a central bank digital currency (CBDC).
But while CBDCs drew some of the attention during Wednesday’s Senate Banking Committee hearing, the issues around bitcoin drew far more attention from the group of lawmakers, led most vocally by Sen. Elizabeth Warren (D-Mass.).
The Subcommittee on Economic Policy, chaired by Warren is likely going to hold further hearings on the cryptocurrency sector as well, the lawmaker told Bloomberg.
The hearing presented one of the sharpest criticisms of bitcoin from U.S. lawmakers to date, even as smaller countries like El Salvador move to accept the cryptocurrency as legal tender. Warren’s views are likely a preview of how the issue may be discussed in other upcoming hearings, with counterparts in the House of Representatives holding a similar discussion next week.