Central Bank Digital Currency Issuance Would Be ‘Enormous Step in the Wrong Direction’: Expert

The House of Representatives has passed a bill to bar the Federal Reserve from issuing a central bank digital currency. A central bank digital currency is a type of digital currency that’s issued by the central bank. The bill passed the chamber by a 216–192 vote, mostly along party lines. NTD spoke to Joel Griffith, research fellow at the Heritage Foundation, for his insights on this move.