“It will keep the United States behind other countries, including China, as a race forward to develop a global standard for central bank digital currencies,” Waters stated, accusing Republicans of taking a “deeply anti-innovation stance” on the expertise, which has been embraced by different nations. The laws, she stated, would “stifle that research and prevent us from moving forward, even if it means that the dollar loses its status as the world’s reserve currency and even if it means that U.S. citizens lose out on faster, cheaper and simpler payments.”
