Michaela
Summary: Why are U.S. lawmakers pushing for a central bank digital currency (CBDC) over cryptocurrencies?
U.S. lawmakers argue that cryptocurrencies are risky and often linked to illegal activities, making them unsuitable for a regulated financial system. They believe a government-controlled CBDC would offer more security and oversight. Meanwhile, decentralized communities like Shiba Inu support open, user-driven alternatives that oppose centralized control.
At a recent House Democrats press conference, several U.S. lawmakers have denounced cryptocurrencies as fraudulent schemes, renewing calls for the development of a central bank digital currency (CBDC) as a more secure and regulated alternative.
At the press conference, Representative Stephen Lynch argued that cryptocurrency has no legitimate use case at present. He said its only use case would be if you counted the “illegal practices of every single ransomware heist that has affected U.S. businesses,” which he claims have been fueled and facilitated by crypto.
“It’s a highly risky and volatile product that has no business in a functioning and well-regulated financial system. This entire industry is a scam,” Lynch stated.
Additionally, Representative Maxine Waters criticized proposed legislation aimed at restricting the development of a U.S. central bank digital currency. She referred to the CBDC Anti-Surveillance State Act, a bill that seeks to block the issuance of a government-backed digital dollar, as the “anti-innovation act.” Waters also warned that both the anti-CBDC measure and the GENIUS stablecoin bill “endanger our national security.”
In April, the CBDC Anti-Surveillance State Act narrowly advanced through the House Financial Services Committee with a 27–22 vote. Lawmakers opposing central bank digital currencies have raised concerns about their potential impact on financial stability and personal privacy. Critics warn that a government-issued digital dollar could expand surveillance capabilities and limit consumer freedom in the financial system.
CBDC Debate Fuels Clash Between Central Control and Decentralized Futures
As U.S. lawmakers increasingly question the legitimacy of cryptocurrencies and advocate for a centrally managed digital dollar, decentralized communities like Shiba Inu present a striking contrast. Where policymakers see a need for control and oversight, projects like Shibarium offer a vision grounded in transparency, autonomy, and community-led growth.
For the Shiba Inu ecosystem, this policy divide emphasizes more than just a difference in technology, it spotlights a fundamental disagreement over who should shape the future of digital finance. While central bank digital currencies could centralize power within government institutions, Shibarium champions a permissionless framework where users—not bureaucracies—set the direction.
To SHIB holders, the current debate isn’t only about crypto regulation, it’s about defending an open, accessible, and decentralized model for Web3 participation. In the face of rising calls for surveillance-oriented financial tools, Shiba Inu’s movement reinforces the idea that digital value should be shaped collectively, not dictated from above.
Read More
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- Trump Treasury Pick Scott Bessent Opposes US CBDC, Says No Need for Digital Dollar
- MoonPay Execs Scammed for $250K ETH — Why Shibarium Boosts Crypto Safety
Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
