Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Huiscommissie Press JPMorgan Chase, Bank of America to give Major Hong Kong Deal

2025-05-21

WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future or AI agents: Founder

2025-05-21

Bitcoin’s rally in danger? These signals for the possible correction of BTC

2025-05-20
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future or AI agents: Founder

    2025-05-21

    Adventure Layer is launched as First Gaming L2 on Berachain

    2025-05-20

    Arbitrum affects $ 1.5 billion volume milestone on Uniswap V4

    2025-05-20

    BSCS Backs Backs AI-conducted shopping assistant in collaboration with Pulsebot AI

    2025-05-20

    Basic, BNB chain, Ethereum and others

    2025-05-20
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Trader warns Bitcoin (BTC) blinking bearish signal, says gold that steam collects for the next leg up

    2025-05-20

    XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

    2025-05-20

    Milei closes Libra Task Force and investigates ties with its administration

    2025-05-20

    Ethereum -price flashes bullish signal, but can it flow through obstacles?

    2025-05-20

    XRP Price Eyes Winins, but technically suggests that upsides can be limited

    2025-05-20
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»Fed Governor Waller casts doubt on CBDC payments relief program
Fed Governor Waller casts doubt on CBDC payments relief program
Regulation

Fed Governor Waller casts doubt on CBDC payments relief program

2024-11-12No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Federal Reserve Governor Christopher Waller recently expressed skepticism about the need for a central bank digital currency (CBDC) in the US payments system

Waller made the comments during a speech at the 2024 Clearing House Annual Conference on November 12, where he questioned whether the system has a problem that CBDCs could solve.

He stated:

“In a speech I gave in August 2021, I asked: what problem would a CBDC solve? In other words, what market failure or inefficiency calls for this specific intervention? In more than three years, I still haven’t heard a satisfactory answer about CBDC.”

Waller advocated market-driven solutions, highlighting the benefits of the private sector in promoting payment systems innovation through competition.

He emphasized that the private sector, motivated by profit and competition, often makes better decisions when determining which technologies are worth investing in and which may not meet consumer needs.

He further stated that until a clear need is identified that the private sector cannot meet, the role of government should remain supportive rather than directly competing with private innovation in payments.

Anti-CBDC Efforts

US lawmakers hold similar views to Waller and have generally opposed the idea of ​​creating a CBDC, mainly due to concerns about privacy and financial freedom.

The US House of Representatives past the CBDC Anti-Surveillance State Act in May, which barred Federal Reserve banks from issuing digital currencies without congressional approval.

Patrick McHenry, the chairman of the House Financial Services Committee, supported the bill, officially known as HR 5403. He expressed concerns about CBDCs being a tool for financial supervision, citing China as an example.

See also  NYDFS sets new guidelines for crypto companies to improve customer service standards

The state of Louisiana, along with Governor Jeff Landry, has also promoted anti-CBDC legislation signature HB 488 in June to ban the creation of a state digital currency and prevent authorities from engaging in CBDC-related investigations by the Fed.

Meanwhile, North Carolina state lawmakers fallen over Governor Roy Cooper’s veto of a bill that would prevent the state from implementing a CBDC in September.

Source link

Casts CBDC Doubt Fed Governor Payments Program relief Waller
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Huiscommissie Press JPMorgan Chase, Bank of America to give Major Hong Kong Deal

2025-05-21

Robinhood calls on SEC to set up a uniform regulation framework for Tokenized Rwas

2025-05-20

The US Senate promotes ingenious stabilecoin legislation despite the democratic opposition

2025-05-20

The Supreme Court of India calls for clear crypto guidelines not outright prohibition

2025-05-20
Add A Comment

Comments are closed.

Top Posts

House Oversight Committee to investigate accusations of ‘Debanking’ from the crypto industry

2025-01-26

Ice Open Network and Chaingpt announce a groundbreaking Web3-AI partnership

2025-03-27

XRP causes a rebound? Is a 5% recovery enough to revive the XRP price rally?

2024-10-07
Editors Picks

Identifying Potential ETF Wallet Addresses as Coinbase Leads Weekly BTC Trading at $11.4 Billion in Volume

2024-01-16

Solar (SOLAR) Price Prediction 2023 2024 2025

2024-01-10

Not all blockchains have to be pseudonymous

2024-02-12

Fed orders United Texas Bank to halt crypto services due to AML issues

2024-09-05
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Huiscommissie Press JPMorgan Chase, Bank of America to give Major Hong Kong Deal

WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future or AI agents: Founder

Bitcoin’s rally in danger? These signals for the possible correction of BTC

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$107,463.971.03%
  • ethereumEthereum(ETH)$2,563.90-0.29%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.38-0.55%
  • binancecoinBNB(BNB)$661.451.56%
  • solanaSolana(SOL)$170.720.19%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2315301.63%
  • cardanoCardano(ADA)$0.761.77%
  • tronTRON(TRX)$0.269836-0.15%
  • suiSui(SUI)$3.88-0.16%
  • chainlinkChainlink(LINK)$15.93-1.89%
  • avalanche-2Avalanche(AVAX)$22.700.58%
  • stellarStellar(XLM)$0.2897860.97%
  • hyperliquidHyperliquid(HYPE)$26.710.15%
  • shiba-inuShiba Inu(SHIB)$0.0000150.24%
  • hedera-hashgraphHedera(HBAR)$0.196117-0.30%
  • unus-sed-leoUNUS SED LEO(LEO)$8.821.28%
  • bitcoin-cashBitcoin Cash(BCH)$396.960.27%
  • the-open-networkToncoin(TON)$3.101.35%
  • polkadotPolkadot(DOT)$4.731.22%
  • litecoinLitecoin(LTC)$95.13-2.87%
  • moneroMonero(XMR)$360.413.60%
  • bitget-tokenBitget Token(BGB)$5.20-0.24%
  • piPi(PI)$0.8210.87%
  • pepePepe(PEPE)$0.0000142.26%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • uniswapUniswap(UNI)$6.314.46%
  • aaveAave(AAVE)$258.16-3.82%
  • bittensorBittensor(TAO)$423.221.16%
  • nearNEAR Protocol(NEAR)$2.83-0.78%
  • aptosAptos(APT)$5.21-0.54%
  • okbOKB(OKB)$52.540.10%
  • ondo-financeOndo(ONDO)$0.950.38%
  • kaspaKaspa(KAS)$0.1119811.41%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.5712.64%
  • internet-computerInternet Computer(ICP)$5.330.49%
  • ethereum-classicEthereum Classic(ETC)$18.60-0.66%
  • gatechain-tokenGateToken(GT)$21.61-0.22%
  • crypto-com-chainCronos(CRO)$0.0973070.16%
  • mantleMantle(MNT)$0.751.11%
  • vechainVeChain(VET)$0.0287110.70%
  • render-tokenRender(RENDER)$4.710.18%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232280-1.42%
  • ethenaEthena(ENA)$0.3899900.99%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • algorandAlgorand(ALGO)$0.2262240.22%
  • arbitrumArbitrum(ARB)$0.398958-0.30%
  • cosmosCosmos(ATOM)$4.952.26%
  • bitcoinBitcoin(BTC)$107,463.971.03%
  • ethereumEthereum(ETH)$2,563.90-0.29%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.38-0.55%
  • binancecoinBNB(BNB)$661.451.56%
  • solanaSolana(SOL)$170.720.19%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2315301.63%
  • cardanoCardano(ADA)$0.761.77%
  • tronTRON(TRX)$0.269836-0.15%
  • suiSui(SUI)$3.88-0.16%
  • chainlinkChainlink(LINK)$15.93-1.89%
  • avalanche-2Avalanche(AVAX)$22.700.58%
  • stellarStellar(XLM)$0.2897860.97%
  • hyperliquidHyperliquid(HYPE)$26.710.15%
  • shiba-inuShiba Inu(SHIB)$0.0000150.24%
  • hedera-hashgraphHedera(HBAR)$0.196117-0.30%
  • unus-sed-leoUNUS SED LEO(LEO)$8.821.28%
  • bitcoin-cashBitcoin Cash(BCH)$396.960.27%
  • the-open-networkToncoin(TON)$3.101.35%
  • polkadotPolkadot(DOT)$4.731.22%
  • litecoinLitecoin(LTC)$95.13-2.87%
  • moneroMonero(XMR)$360.413.60%
  • bitget-tokenBitget Token(BGB)$5.20-0.24%
  • piPi(PI)$0.8210.87%
  • pepePepe(PEPE)$0.0000142.26%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • uniswapUniswap(UNI)$6.314.46%
  • aaveAave(AAVE)$258.16-3.82%
  • bittensorBittensor(TAO)$423.221.16%
  • nearNEAR Protocol(NEAR)$2.83-0.78%
  • aptosAptos(APT)$5.21-0.54%
  • okbOKB(OKB)$52.540.10%
  • ondo-financeOndo(ONDO)$0.950.38%
  • kaspaKaspa(KAS)$0.1119811.41%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.5712.64%
  • internet-computerInternet Computer(ICP)$5.330.49%
  • ethereum-classicEthereum Classic(ETC)$18.60-0.66%
  • gatechain-tokenGateToken(GT)$21.61-0.22%
  • crypto-com-chainCronos(CRO)$0.0973070.16%
  • mantleMantle(MNT)$0.751.11%
  • vechainVeChain(VET)$0.0287110.70%
  • render-tokenRender(RENDER)$4.710.18%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232280-1.42%
  • ethenaEthena(ENA)$0.3899900.99%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • algorandAlgorand(ALGO)$0.2262240.22%
  • arbitrumArbitrum(ARB)$0.398958-0.30%
  • cosmosCosmos(ATOM)$4.952.26%