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“It’ll maintain the USA behind different nations, together with China, as a race ahead to develop a world commonplace for central financial institution digital currencies,” Waters stated, accusing Republicans of taking a “deeply anti-innovation stance” on the know-how, which has been embraced by different nations. The laws, she stated, would “stifle that analysis and forestall us from shifting ahead, even when it signifies that the greenback loses its standing because the world’s reserve forex and even when it signifies that U.S. residents lose out on quicker, cheaper and easier funds.”
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