Political Quotes

“Madam Chair, I rise in strong support of banning central bank digital currency. Why do we do this? As Congressman Hill pointed out, Congress clearly has the Article I authority under the United States Constitution over money, and we should exert that. In the absence of exerting that with respect to central bank digital currency, the Federal Reserve is plowing right ahead. They are actively hiring programmers to write code to develop a central bank digital currency. To have colleagues say: Oh, well, they won't turn it on, to me is equivalent to having the Empire in Star Wars build the Death Star but promising not to turn it on. Once it exists, it poses a threat, and they are not responding to Congress right now. They are not. They are not listening to our values that are reflected in our Constitution to protect our civil liberties. In fact, our colleagues are encouraging them not to. They are saying in their own words: Oh, we have to be more like China.…”