Pro-Crypto Advocates Seek to Avoid Central Bank Authority

A central bank digital currency system would be an infringement of civil liberties, panelists said.

Pro-Crypto Advocates Seek to Avoid Central Bank Authority
Screenshot of Sarah Oh Lam, senior fellow at the Technology Policy Institute

MILWAUKEE, July 19, 2024 – Cryptocurrency experts urged the federal government to adopt pro-crypto policies and to particularly avoid regulation that institutes a central bank digital currency, speaking at a Broadband Breakfast Live Online event Wednesday during the Republican National Convention.

While Sarah Oh Lam, senior fellow at the Technology Policy Institute, highlighted some examples of excessed by some cryptocurrency company, she said she believed that decentralized financial tools need to be embraced by policy-makers, rather than banned or curbed.

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