Republican House Leader Doubles Down On Bitcoin As Counter To China

On CNBC today, Congressman Kevin McCarthy was asked whether he felt Secretary of Treasury Janet Yellen and the Chair of the Federal Reserve System Jay Powell had a good understanding of digital currency and bitcoin.

As of today, the Bitcoin price hit an all-time-hight of $64,000 on the evening of the direct listing of Coinbase on Nasdaq.

those who are in Government that make policy better start understanding what it means for the future because other countries are moving forward especially China,” said McCarthy.

Back then he argued for Bitcoin over Project Libra, a new stablecoin project introduced by Facebook.

dollar as the global reserve currency from both a technological and economic perspective by advancing with their own central bank digital currency.

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