Navigating The Digital Payments Ecosystem - U.S. Central Bank Digital Currency

Navigating The Digital Payments Ecosystem - U.S. Central Bank Digital Currency

March 11, 2025

Children’s Health Defense

CBDCs are gaining traction in 2023 and dominating conversations in various crypto-related circles, as observed at World Economic Forum 2023. Not everyone is a fan, though!

There are two camps, one led by the Central Banks and other global financial organizations, such as the IMF, the World Bank, and more. The other comprises the majority of crypto enthusiasts with varied levels of blockchain tech affinity.

The CBDC detractors see the Central Bank Digital Currencies as another way governments maintain their control over the financial lives of the masses. They believe CBDCs will grant undue surveillance access to the governments, enabling them to prevent anyone from accessing the financial infrastructure.

The House Financial Services Committee holds hearing on navigating the digital payments ecosystem to examine a federal framework for payment stablecoins and consequences of a U.S. central bank digital currency.

Witnesses testifying at the hearing include: Caroline Butler, global head of digital assets at The Bank of New York Mellon Corporation; Charles Cascarilla, Paxos CEO and co-founder; Patrick Collison, CEO of Stripe; Randall Guynn, chairman of Financial Institutions Group at Davis Polk & Wardwell; and Carole House, senior fellow at GeoEconomics Center of Atlantic Council.

Original: https://rumble.com/v6qh496-navigating-the-digital-payments-ecosystem-u.s.-central-bank-digital-currenc.html