And by having that same set of rules that everyone has to meet in order to access the US market, it will actually create a race to the top, not a race to the bottom. Thank you Mr. Cascarilla. CBDCs introduce significant privacy risks and are fundamentally the antithesis of American values. On the other hand, this stablecoin bill can bring traditional finance on chain at a global scale while preserving privacy, individual sovereignty and free market competitiveness. (02:58–03:07)
CLAIM
Asserts that CBDCs pose privacy risks and oppose American values.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
