Political Quotes

“I am excited to announce the founding of the Senate Financial Innovation Caucus with my friend and cochair, the Senator from Arizona. I am delighted that you also have joined our caucus. We are grateful for your participation and look forward to working with you. One of my top priorities and a legacy I hope to leave in this Chamber is to ensure the United States remains a global leader in financial services for future generations. The U.S. dollar is the world's unquestioned reserve currency. Since the Second World War, this leadership role has given our country enormous advantages, including affordable credit and trade finance. China is not hiding its ambition to knock the U.S. dollar down a peg by offering a competitor payment system that sidesteps the United States. This year, the Chinese Government launched a pilot program for their digital yuan in multiple cities around China. They expect to completely release the central bank digital currency at the 2022 Winter Olympics. A video released by China state-controlled media in December of 2020 openly stated that the digital yuan will allow China to ``actively participate in reforming world economic governance'' and is ``one of the building blocks of China's move toward world market status and greater involvement in setting the framework of the global economy.'' China does not share the same values as our country relating to fair competition.…”