“It can maintain america behind different international locations, together with China, as a race ahead to develop a world customary for central financial institution digital currencies,” Waters mentioned, accusing Republicans of taking a “deeply anti-innovation stance” on the know-how, which has been embraced by different nations. The laws, she mentioned, would “stifle that analysis and stop us from shifting ahead, even when it implies that the greenback loses its standing because the world’s reserve forex and even when it implies that U.S. residents lose out on quicker, cheaper and easier funds.”
