At the federal level, this would be considered a central bank digital currency.” His comments show that there are significant disagreements within the party about how to handle digital currencies.
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Rep. Tom Emmer says the so-called WYST is just another state CBDC
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Tom Emmer, Republican House Whip, stated that state-issued stablecoins are “nothing more than state-controlled CBDCs” and warned they pose a fundamental threat to the principles of decentralization in the digital asset space
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