Political Quotes

“I oppose this amendment, which doubles down on the Republican efforts to prohibit CBDCs, which, if Republicans read their own bill, is already prohibited in the bill. This sense of Congress only causes further confusion on how the bill should be interpreted as a whole by duplicating things that are already in the bill by wording them in a slightly different manner. Experts from Atlantic Council have warned that: ``If this bill ever became law, the United States would be the only country in the world to have banned CBDCs. It would be a self-defeating move in the race for the future of money. It would undercut the national security role of the dollar as the decision would only accelerate other countries' development of alternative payment systems that look to bypass the dollar in cross-border transactions. This would make U.S. sanctions less effective.'' Mr. Chairman, I urge Members to oppose this amendment, and I reserve the balance of my time.”