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U.S. Congressman: Banning CBDCs Crucial to U.S. Fintech Future

US Congressman Warren Davidson strongly opposes central bank digital currencies (CBDCs), stating that implementing a ban on these tools is "crucial" for the future of the US fintech industry. Davidson explains that many people mistakenly equate cryptocurrencies with CBDCs because they are two different concepts, and the technology behind these tools is not the issue. He blames the groups behind the CBDC projects for the problem. Davidson states that tokenized assets are not the problem, but rather who is manipulating them behind the scenes. Entities (including the Federal Reserve, Ripple, and ConsenSys) and influencers behind CBDC projects are actively working on them.

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