NEW: FREE Web3 Resume Cheat Sheet DOWNLOAD NOW

US congresswoman MTG says the US should “go back to gold standard, not digital currency payment systems”

In this post:

  • US Congresswoman Marjorie Taylor Greene (MTG) recently expressed her opposition to the Federal Reserve’s plans for launching a digital payment system in July.
  • Her comments come as other global nations shift away from the gold standard and as the reliance on the US dollar weakens.

US Congresswoman Marjorie Taylor Greene (MTG) recently expressed her opposition to the Federal Reserve’s plans for launching a digital payment system in July, saying that the United States should instead return to the gold standard. “We should not go behind digital currency payment systems,” she declared. MTG’s opinion on the matter has been gaining traction among her constituents and other members of Congress.

US Congresswoman expressed her disapproval of the Federal Reserve’s new digital currency payment system

In a statement released on Thursday, US Congresswoman Majorie Taylor Greene (MTG) expressed her disapproval of the Federal Reserve’s new digital currency payment system, which is set to launch in July. Her comments come as other global nations shift away from the gold standard and as the reliance on the US dollar weakens.

The Fed’s digital payment system is intended to bolster the movement of money by providing a lower-cost way for consumers to make bill payments, transfer money, and deposit paychecks. It would also diminish the need for cash-based transactions.

The US has been hit with criticism over its secret Operation Choke Point 2.0, which aims to reduce cryptocurrency activity within the country. However, the news of the Fed’s digital payment system is a sign that the nation is moving towards the digitalization of its currency.

See also  Arthur Hayes calls US BTC national reserve a 'terrible' idea, slams Elon Musk's D.O.G.E

It remains to be seen how MTG and her fellow Congress members will respond to this development. For now, global nations are watching closely as their currencies enter the digital age.

Cryptopolitan Academy: Are You Making These Web3 Resume Mistakes? - Find Out Here

Share link:

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Editor's choice

Loading Editor's Choice articles...
Subscribe to CryptoPolitan