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US Democratic lawmakers have intensified their criticism of cryptocurrencies, labeling them a ‘scam’ while advocating for a central bank digital currency (CBDC). The debate heated up as Rep. Maxine Waters opposed an anti-CBDC bill, calling it a threat to innovation and national security.
- Democratic lawmakers labeled cryptocurrencies a 'scam' and pushed for a CBDC as a regulated alternative.
- Rep. Maxine Waters opposed the CBDC Anti-Surveillance State Act, calling it a threat to innovation and national security.
- Rep. Stephen Lynch claimed cryptocurrencies have no legitimate use cases, reinforcing the party's anti-crypto stance.
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