Crypto Currency Tracker logo Crypto Currency Tracker logo
Cryptoknowmics 2022-10-06 07:10:52

U.S. Lawmakers Ask DOJ To Share CBDC Assessment Within Ten Days

Republicans on the U.S. House Financial Services Committee have given the Department of Justice (DOJ) ten days to provide its “assessment” as to whether the Federal Reserve is authorized to issue a central bank digital currency (CBDC). Eleven Republican congressmen requested a copy of the DOJ’s evaluation in a letter addressed to U.S. Attorney General Merrick Garland. Sharing CBDC Assessment As required by President Joe Biden’s executive order on digital assets released in March, the letter should explain whether legislative changes would be necessary to issue a CBDC. The House members argued that the U.S. legislative branch, not the federal executive department, would be the “proper location for considering ” legislation about a central bank digital currency (CBDC). The letter said, “The House Committee on Financial Services has spent considerable time and resources examining the potential risks and benefits of a CBDC,” #NEW: @PatrickMcHenry, @RepFrenchHill, and members of Committee Republicans' Digital Asset Working Group are demanding Attorney General Garland provide his assessment on the @federalreserve's authority to issue a #CBDC. 👇 Read the letter 🔗 https://t.co/RW3k49587e pic.twitter.com/aSUrHy2CZB — Financial Services GOP (@FinancialCmte) October 5, 2022 U.S. House Financial Services Committee’s Investigation The Committee has examined whether the Federal Reserve is permitted to issue a CBDC without receiving legisl...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.