Senator Hagerty opposes CBDC, supports US Bitcoin reserve for dollar strength

US Senator Bill Hagerty, who represents Tennessee in the Senate, has expressed strong opposition to the introduction of a central bank digital currency (CBDC) in the United States. Senator Hagerty views a CBDC as incompatible with American principles of freedom and liberty, warning that such a system could lead to increased government oversight of individual financial activity. In a recent interview, Hagerty criticized proposals in Congress that advocate for a CBDC, suggesting that these measures would undermine privacy and civil liberties.

Source: CoinTurk News