{"id":47399,"date":"2025-09-05T20:54:12","date_gmt":"2025-09-05T13:54:12","guid":{"rendered":"https:\/\/hbbgroup.net\/cbdc-debate-continues-in-us-as-congress-returns-from-recess\/"},"modified":"2025-09-05T20:54:12","modified_gmt":"2025-09-05T13:54:12","slug":"cbdc-debate-continues-in-us-as-congress-returns-from-recess","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/cbdc-debate-continues-in-us-as-congress-returns-from-recess\/","title":{"rendered":"CBDC debate continues in US as Congress returns from recess"},"content":{"rendered":"<div data-v-43e640e6>\n<p>As US lawmakers return from their August recess, the debate over central bank digital currencies (CBDCs) is once again at the forefront of crypto policy. <\/p>\n<p>In the latest episode of Byte-Sized Insight, Cointelegraph spoke with Sheila Warren, CEO of the Project Liberty Institute, about whether the CBDC debate in Washington reflects real risks or political posturing,  and what it means for the future of the digital dollar.<\/p>\n<p><template data-ct-widget=\"buzzsprout\" data-buzzsprout-podcast-id=\"2040516\" data-buzzsprout-episode-id=\"17793750\"><\/template><\/p>\n<h2>The CBDC debate<\/h2>\n<p>Supporters of the measure argue that a CBDC would endanger civil liberties by giving the government unprecedented access to financial data.\u00a0<\/p>\n<p>Representative <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/tom-emmer-cbdc-bill-federal-reserve\" title=\"null\">Tom Emmer, who sponsored<\/a> the Anti-CBDC Surveillance State Act passed by the House in July, warned: \u201cIt is government-controlled, programmable money that, if designed without the privacy protections of cash, could give the federal government the ability to surveil and restrict Americans\u2019 transactions and monitor every aspect of our daily lives.\u201d<\/p>\n<p>But policy experts suggest that particular framing oversimplifies the issue. The Federal Reserve has repeatedly said it will not launch a CBDC without explicit authorization from Congress, and any potential design could incorporate privacy safeguards.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/avoidable-errors-led-to-the-loss-of-gary-gensler-text-messages-sec\" title=\"null\"><em><strong>\u2018Avoidable errors\u2019 wiped a year\u2019s worth of Gary Gensler\u2019s texts&#8230; oops<\/strong><\/em><\/a><\/p>\n<p>\u201cYou can design a CBDC that has significant blockers and protects privacy. You can design a CBDC\u2026 that is fully transparent and has zero privacy blockers. And these are design choices,\u201d Warren said.\u00a0<\/p>\n<blockquote><p>\u201cRight now, this idea that a CBDC is some urgent threat to American privacy, I just don\u2019t see it. A lot of the current posture is rhetorical and political in nature.\u201d\u00a0<\/p><\/blockquote>\n<p>The US position also stands in contrast to other major economies. China has already rolled out its version of a CBDC, while the European Union and India are running pilots.<\/p>\n<p>\u00a0\u201cWhat you\u2019re seeing now is actually quite a significant divergence with the US from a lot of other major economies\u2026 The US, under this administration and this Congress, has taken a very anti-CBDC stance,\u201d Warren said.<\/p>\n<p>She distinguished between wholesale CBDCs, which are used for interbank settlements, and retail CBDCs, which would be consumer-facing. \u201cIn the US, I\u2019ve never thought that a retail CBDC was actually going to happen. Wholesale makes sense. Retail doesn\u2019t,\u201d she said.<\/p>\n<h2>Stablecoins and AI fears<\/h2>\n<p>Instead, the growth of stablecoins may make the CBDC question less relevant. Congress <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/crypto-groups-reject-bank-lobby-stablecoin-genius-act\" title=\"null\">recently passed the GENIUS Act<\/a>, giving stablecoins a regulatory framework that could accelerate adoption.\u00a0<\/p>\n<p>Warren questioned:\u00a0<\/p>\n<blockquote><p>\u201cNow that we have stablecoins\u2026 they\u2019re going to expand and become what I\u2019ve called the jet fuel of the digital economy. That changes the calculus on whether CBDCs are even necessary.\u201d<\/p><\/blockquote>\n<p>While lawmakers remain fixated on the CBDC fight, some warn that more immediate threats to privacy are being overlooked.\u00a0<\/p>\n<p>\u201cFar bigger threats to my privacy are what\u2019s happening with my data, what I\u2019m giving willingly, what most of us are giving to AI,\u201d Warren said. \u201cFor example, GMC was selling individual driver data\u2026 I find that far more frightening.\u201d<\/p>\n<p>Listen to the full episode of Byte-Sized Insight for the complete interview on Cointelegraph\u2019s Podcasts <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/podcasts\/decentralize-with-cointelegraph\" title=\"null\">page<\/a>, <a data-ct-non-breakable=\"null\" href=\"https:\/\/podcasts.apple.com\/us\/podcast\/decentralize-with-cointelegraph\/id1667543601\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">Apple Podcasts<\/a> or <a data-ct-non-breakable=\"null\" href=\"https:\/\/open.spotify.com\/show\/3ggY18n7dqoxPGljBdRFrj\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">Spotify<\/a>. And don\u2019t forget to check out Cointelegraph\u2019s full lineup of other shows!<\/p>\n<p><strong>Magazine: <\/strong><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/magazine\/japan-china-stablecoins-india-crypto-tax-asia-express\/\" title=\"null\"><strong>Stablecoins in Japan and China, India mulls crypto tax changes: Asia Express<\/strong><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\" data-ct-non-breakable=\"undefined\" label=\"Subscription Form: Crypto Biz Newsletter\"><\/template><\/div>","protected":false},"excerpt":{"rendered":"<p>As US lawmakers return from their August recess, the debate over central bank digital currencies (CBDCs) is once again at [&hellip;]<\/p>","protected":false},"author":1,"featured_media":47400,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-47399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/47399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=47399"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/47399\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/47400"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=47399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=47399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=47399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}