Dueling CBDC Payments Heading for U.S. Digital Greenback Debate in Congressional Listening to

“If not designed to be open, permissionless, and personal – emulating money – a government-issued CBDC is nothing greater than a CCP-style surveillance device that might be used to undermine the American lifestyle,” he mentioned in a press release, accusing President Joe Biden’s administration – even within the absence of any precise coverage – of making an attempt to arrange a surveillance state to watch residents’ transactions.