From Digital Trends :
Also brought up during the hearing was the idea of central banks issuing their own digital currency. Alex Pollock from the R Street Institute refuted the idea, as these banks would compete directly with the Federal Reserve. Having central banks issue digital currencies is “one of the worst financial ideas of recent times,” he said.
- “Digital Trends”: https://www.digitaltrends.com/computing/congressman-wants-cryptocurrency-banned-in-america/