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Sen. Elizabeth Warren Says She Thinks its Time for U.S. to Create CBDC

by CBDC Insider
April 1, 2022
in Business, US
Reading Time: 2min read
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Sen. Elizabeth Warren Says She Thinks its Time for U.S. to Create CBDC
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U.S. Sen. Elizabeth Warren (D.-Mass.) said Thursday that she thinks it’s time for the U.S. to create a central bank digital currency, a virtual form of a country’s fiat currency.

“So a lot that banks do wrong, if you think, ‘We could improve that in a digital world,’ the answer is, ‘Sure you could.’ But in that case, let’s do a central bank digital currency,” CoinDesk reported Friday, citing Warren in an interview with NBC.

When asked about how Bitcoin (BTC-USD) could end up being regulated, Warren responded, “I think it’s going to end up getting regulated,” though she did not express what form such regulations might consist of, CoinDesk noted. Recall in January when the Federal Reserve released a CBDC discussion paper, which reflected a neutral stance on the matter.

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Speaking of the world’s largest digital asset by market cap, bitcoin (BTC-USD +1.6%) is trading slightly higher at around $46.3K Friday afternoon.

Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion.

In the beginning of August, Elizabeth Warren said that crypto markets may need a bailout someday without proper regulation.

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