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Are Democrats Against Crypto? Rep. Ritchie Torres Answers
Bankless
The Importance of a Central Bank Digital Currency
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Torres: I have no strong opinions about a CBDC. If it's simply mimicking the function of a stablecoin then I would question the necessity of it, the utility of it. But if there's a value add, then I would have an open mind about it. The crypto community is worried about some version of a central bank digital currency that is completely surveilled and does not take privacy into account. Torres: A totalitarian regime like the Chinese Communist Party is intent on creating a CBDC so that it can monitor the transaction of every Chinese citizen.
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