US Representative Stephen Lynch criticized cryptocurrencies during a press conference, labeling them as scams. He asserted that there are no legitimate use cases for crypto, linking it predominantly to illegal activities. This statement reflects a growing concern among some US lawmakers regarding the impact of cryptocurrency.
In response to the challenges posed by cryptocurrencies, Democratic lawmakers are increasingly advocating for the establishment of a central bank digital currency (CBDC). Meanwhile, the debate continues as some countries move forward with their own digital currency initiatives, while the US remains cautious in its approach.
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