The advent of a United States digital buck would “crowd out” the cryptocurrency ecosystem and protect the nationwide security of the U.S. per a ragged top advisor in president Joe Biden’s administration.
Daleep Singh — a ragged Deputy Nationwide Safety Handbook for Global Economics in the Biden administration — made the comments at a Feb. 28 Senate Banking Committee hearing, suggesting that cryptocurrencies facilitate ransomware assaults and contribute to the evasion of U.S. sanctions.
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