I appreciate your expertise as we all learn more about the growing digital currency issue.
Editor's note · Context
Mooney acknowledges the importance of expertise in understanding digital currencies.
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the CFPB, in my opinion, has rightfully been criticized, based on our first discussion, about going outside their rulemaking, outside their authority.
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I introduced H.R. 804, the Chinese CBDC Prohibition Act of 2023. This bill prohibits U.S. money services businesses from engaging in transactions involving a central bank digital currency issued by China.
China is plotting a government-backed digital currency which will be used to survey and manipulate financial activities of its citizens and to crack down on dissent. A central bank digital currency, known as the digital dollar, poses…





