US Lawmakers Question Bitcoin’s Legitimacy Amid CBDC Debate and Regulatory Concerns
The post US Lawmakers Question Bitcoin’s Legitimacy Amid CBDC Debate and Regulatory Concerns appeared on BitcoinEthereumNews.com.
US Democratic lawmakers intensify calls for a central bank digital currency (CBDC), labeling cryptocurrencies as risky and fraudulent. Prominent figures like Representative Stephen Lynch argue that cryptocurrencies lack legitimate use cases and primarily facilitate illicit activities. According to COINOTAG sources, the debate around CBDCs highlights a growing divide between global regulatory approaches and the future of digital currencies. US lawmakers push for CBDCs amid crypto skepticism, emphasizing national security and regulatory concerns while global CBDC adoption remains uneven. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); US Lawmakers’ Stance on CBDCs and Cryptocurrency Risks The recent press conference held by US Democratic representatives underscores a significant shift in the political narrative surrounding digital currencies. Lawmakers such as Representative Stephen Lynch have openly condemned cryptocurrencies, describing them as inherently volatile and primarily used for illegal activities like ransomware attacks. This perspective aligns with a broader push for a government-backed digital dollar, or CBDC, which proponents argue would offer a safer, more regulated alternative to decentralized cryptocurrencies. Representative Maxine Waters criticized opposition bills like the Anti-Surveillance State Act, which seeks to block the creation of a government-controlled digital dollar, labeling such legislation as detrimental to innovation and national security. This rhetoric reflects a growing concern among policymakers about the potential risks posed by unregulated crypto assets, including fraud, money laundering, and market instability. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your…
Filed under: News - @ July 17, 2025 12:26 am