Sen. Sherrod Brown Says US Should ‘Lead the Way’ on CBDCs, Disses Diem and BTc

[Tanimariya]

We cannot be left behind,” Brown wrote about other nations’ central bank digital currency efforts.

The U.S. Federal Reserve should “lead the way” on a central bank digital currency (CBDC), said Sen. Sherrod Brown (D-Ohio).

The chairman of the Senate Committee on Banking, Housing and Urban Affairs endorsed the idea of a U.S. central bank–issued digital currency in a letter to Fed Chair Jerome Powell and Lael Brainard, who runs the Boston branch of the Fed.

“Some of our international counterparts are moving quickly to determine whether to implement a central bank digital currency,” Brown wrote, linking to a press release about a digital euro. “The United States must do the same. We cannot be left behind.”
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