Cryptocurrency

Rep. Warren Davidson Says CBDCs An 'External Threat To Western Civilization'



© Reuters. Rep. Warren Davidson Says CBDCs An ‘External Threat To Western Civilization’

Benzinga – Rep. Warren Davidson (R-Ohio) amplified his stance on Central Bank Digital Currencies on Tuesday, calling them a fundamental threat to the very foundation of Western society.

What Happened: The House Financial Committee took his concerns on board, approving a bill to prohibit such currencies. “Central Bank Digital Currency (CBDC) is an existential threat to western civilization,” said Davidson, asserting the necessity for the full House to debate and subsequently adopt the legislation to ban CBDCs effectively.



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