“It’s going to preserve the US behind different international locations, together with China, as a race ahead to develop a worldwide commonplace 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 signifies that the greenback loses its standing because the world’s reserve foreign money and even when it signifies that U.S. residents lose out on sooner, cheaper and less complicated funds.”
