And frankly, while the Genius act does address retail cbdc, and it's an important concession because Democrats want a surveillance state central bank digital currency. You're going to see that when we vote later on Tom Emmer's bill. They want that. Republicans are thankfully united in opposing central bank digital currency. but we should deal with that fully here. On March 8th of 2023, in a dialogue with Chairman Hill, Federal Reserve Chairman Jerome Powell said that they would need congressional approval for a retail cbdc. (01:40–01:45)
CLAIM
Asserts that Republicans are united in opposing central bank digital currency.
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.
