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Senator Elizabeth Warren (D-Massachusetts) believes it is past time for the United States to develop its own digital currency (CBDC). Warren will be interviewed by NBC's Chuck Todd on "Meet the Press Reports" on Thursday at 10:30 p.m. ET. CoinDesk received a partial transcript of the interview via NBCUniversal.
"So a lot that banks do wrong, if you think, 'We could improve that in a digital world,' the response: 'Sure you could.' But in that case, let's do a central bank digital currency," Warren informed Todd. "Yes, I think it's time for us to move in that direction."
In response to Todd’s inquiry about whether bitcoin (BTC) will be regulated as a commodity at the very least, Warren said, “I think it’s going to end up becoming regulated,” citing the subprime mortgage financial disaster that began in 2007.
She didn’t specify what form such rules would take.
Warren unveiled a new measure in March that would prohibit bitcoin companies from doing business with sanctioned entities. Senators Jack Reed (D-R.I.), Mark Warner (D-Va.), Jon Tester (D-Mont.) and others presented the Digital Assets Sanctions Compliance Enhancement Act, which would let the president to add non-US-based crypto firms to the sanctions list if they encourage sanctions evasion.