Lucas submitted a prepared statement for the committee.
03/28/2017
https://congress.gov...
My concern is that once we build a CBDC, we don't have it just today and tomorrow with our current set of regulators.
Ultimately, I suspect that this will bring cost onto you and every other farmer and rancher in the United States.
the Basel Endgame proposal had not yet been proposed by the banking regulators.
I hope the Commission will give serious consideration to this approach.