Congressman Calls Digital Dollar Hearing 'Encouraging,' but Look Out for Privacy
Cointelegraph
Published Jun 12, 2020 02:46PM ET
Updated Jun 13, 2020 04:40PM ET
In a June 11 hearing before the Congressional Fintech Task Force, everyone seemed to agree that they could improve financial inclusion by giving people more direct access to FedAccounts, which may operate using a digital dollar. What exactly a digital dollar looks like will probably be more controversial.
Congressman Warren Davidson (R-OH), a member of the Fintech Task Force as well as a noted crypto advocate, was pleased with the tone of the hearing, overall. He was at earlier hearings for Facebook’s Libra, which he saw as turning into an indictment of Facebook (NASDAQ:FB) rather than a conversation about crypto.
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Written By: Cointelegraph
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