Rep. Maxine Waters Announces a Task Force to Study Crypto and CBDCs

America is not lagging behind in the crypto race
During the last hearing of the U.S. House Committee on Financial Service, Rep. Maxine Waters (D) announced the creation of a working group aimed at studying and regulating the crypto industry.
“As Cryptocurrencies grow exponentially, I have organized a working group of Democratic members to engage with regulators and experts to do a deep dive on this poorly understood and minimally regulated industry. Today we continue this discussion by considering Central Bank Digital Currencies, which are being created by governments around the world, and which the Federeal Reserve is actively reviewing.”
CBDCs and Crypto Need More Study Before Being Regulated
Waters explained that CBDCs have the ability to improve the country’s financial system through technological innovation but stressed that an in-depth study of the topic is needed for them to be differentiated from common cryptocurrencies.
Waters has been a vocal crypto skeptic for a long t

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