Sen. Sherrod Brown Says US Should ‘Lead the Way’ on CBDCs, Disses Diem and Bitcoin
“We cannot be left behind,” Brown wrote about other nations’ central bank digital currency efforts.
While a Senate Banking Committee hearing ostensibly focused on central bank digital currencies, bitcoin’s role in the ecosystem drew much of the attention.
“We continue to closely and actively follow developments around cryptocurrencies,” said Wells Fargo CEO Charles Scharf in a statement.
Congress is holding three simultaneous hearings around cryptocurrencies today – and they're all on different types of use cases.
A bipartisan bill addressing cryptocurrencies made it through the House of Representatives. Next up: the Senate.
Gensler previously ran the federal Commodity Futures Trading Commission.