U.S. Congressman Warren Davidson who represents Ohio’s 8th District is urging his colleagues to fight back against a govt.
As per the letter shared by the congressman, the U.S. govt. is favoring use of state owned CBDC in private transactions as money. This will impact privacy and freedom of U.S. citizens in cash transactions. Essentially, a CBDC if used as money will sit in your bank accounts controlled and governed by FED.
A state owned CBDC will allow govt. to track and monitor each and every private transaction. Thus, making cash obsolete overtime.
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