{"id":151773,"date":"2023-09-08T02:10:27","date_gmt":"2023-09-07T20:40:27","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=151773"},"modified":"2023-09-08T02:10:27","modified_gmt":"2023-09-07T20:40:27","slug":"house-committee-will-reopen-discussions-on-digital-dollar-in-sept-14-hearing-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/house-committee-will-reopen-discussions-on-digital-dollar-in-sept-14-hearing-crypto-news\/","title":{"rendered":"House committee will reopen discussions on digital dollar in Sept. 14 hearing – Crypto News"},"content":{"rendered":"
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The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion will be holding a hearing discussing central bank digital currencies (CBDCs) for the first time in months.<\/p>\n

In a Sept. 7 announcement, Republican lawmakers on the committee said<\/a> they planned to hold a hearing discussing the implications of releasing a CBDC as well as \u201cprivate sector alternatives.\u201d The “Digital Dollar Dilemma\u201d discussion will be held on Sept. 14, roughly two weeks before U.S. Securities and Exchange Commission Chair Gary Gensler will reportedly testify<\/a> before the full committee.<\/p>\n

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#NEW<\/a>: Chairman @PatrickMcHenry<\/a> announces hearings of the Subcommittees on Financial Institutions and Monetary Policy & Digital Assets, Financial Technology and Inclusion.<\/p>\n

Read more https:\/\/t.co\/pSVdU5UVHu<\/a><\/p>\n

\u2014 Financial Services GOP (@FinancialCmte) September 7, 2023<\/a><\/p><\/blockquote>\n

The hearing will mark the first time in months lawmakers in the House committee will address issues related to the rollout<\/a> of a digital dollar in the United States. Members of Congress were largely in recess for August.<\/p>\n

Related: <\/em><\/strong>CBDC supporter likely in White House next term, crypto divide not red vs. blue: Grayscale<\/em><\/strong><\/a><\/p>\n

A potential CBDC rollout in the U.S. has become a policy position for a few presidential candidates running in 2024. Florida Gov. Ron DeSantis, the leading Republican Party candidate behind former U.S. President Donald Trump, said in July he planned to ban CBDCs<\/a> if elected. Vivek Ramaswamy, another Republican candidate trailing behind DeSantis, has also criticized<\/a> CBDCs, comparing the technology to China\u2019s social credit system.<\/p>\n

Some U.S. lawmakers have proposed different legislative approaches to tackling issues related to a CBDC rollout in the country, including limiting the Federal Reserve\u2019s authority<\/a> over issuing a digital dollar. Various U.S. states have also passed bills banning CBDCs<\/a> as payment options, including Florida.<\/p>\n

Magazine: <\/em><\/strong>Are CBDCs kryptonite for crypto?<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion will be holding a hearing discussing central bank digital currencies (CBDCs) for the first time in months. In a Sept. 7 announcement, Republican lawmakers on the committee said they planned to hold a hearing discussing the implications of releasing a CBDC […]<\/p>\n","protected":false},"author":2,"featured_media":151774,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-151773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=151773"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151773\/revisions"}],"predecessor-version":[{"id":151776,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151773\/revisions\/151776"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/151774"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=151773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=151773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=151773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}