Political Battles Over CBDCs: How It Impacts Crypto Startups and DeFi
The landscape of cryptocurrency is always changing, and right now, the fight over Central Bank Digital Currencies (CBDCs) is heating up. As politicians grapple with what a digital dollar means for financial systems, the future of crypto hangs in the balance. Let’s dive into the political opposition to CBDCs, the motivations behind it, and what it could mean for crypto startups and the DeFi ecosystem.
The Opposition Grows
It seems that lately, there’s been a growing opposition to CBDCs, especially from conservative corners. GOP Representative Keith Self has been vocal about his worries that a digital dollar could lead to government overreach and more surveillance on citizens. The fear? That CBDCs could allow the government to track…
