Digital Dollar Take Center Stage in Hearing Before US Senate
Issues like financial inclusion and competition with China propelled a hearing on digital dollars before the US Senate today. In a hearing before the Senate Banking Committee today, June 30, central bank digital currencies (CBDCs) took center stage before an audience of Senators looking to upgrade financial infrastructure and expand financial inclusion in the country. The witnesses and the concerns The banking committee welcomed Paxos CEO Charles Cascarilla, financial inclusion professor and researcher at Duke Nakita Cuttino, and former CFTC Chair and current champion of the Digital Dollar Project Chris Giancarlo as witnesses. Cascarilla provided expertise on how existing stablecoins operate and the gaps in current finance that they fill.
Coin Telegraph - 30th Jun 16:06