US Congresswoman Calls For Return To Gold Standard, Avoid Crypto Payment System

Key Points:

• US Congresswoman Marjorie Taylor Greene is against the upcoming launch of the digital payment system by the Federal Reserve.
• She suggests that the US return to the gold standard and avoid digital currency payment systems.
• Despite the intended benefits of the Fed’s digital payment system, the country’s dependence on the US dollar has been declining. The government must address the concerns of skeptics of digital currencies.

US Congresswoman MTG opposed the Fed’s digital payment system, suggesting a return to the gold standard. The country is moving towards digitalization in all aspects, including currency.

US Congresswoman Marjorie Taylor Greene has voiced her opposition to the Federal Reserve’s digital payment system scheduled to launch in July. She recently suggested that the United States revert to the gold standard and not adopt digital currency payment systems.

The new Fed digital payment system is expected to streamline the movement of money, simplify bill payments and transfers, and enable the settlement of consumer activities at a lower cost. Despite these intended benefits, the country’s dependence on the US dollar has been steadily declining. There has been criticism of the secret Operation Choke Point 2.0 aimed at curbing the growth of the cryptocurrency realm in the US.

Nevertheless, the recent news of the Fed’s digital payment system clearly indicates the country’s growing inclination towards digitalization in all aspects, including currency. It remains to be seen how the government will navigate the challenges posed by this shift and address the concerns of those who remain skeptical of digital currencies.

In light of these developments, it is important to watch the changing landscape of currency and its impact on the global economy. The transition towards digital currencies may bring about significant changes in the financial sector and require us to adapt to new systems and modes of operation. Only time will tell how these changes will play out and how we can best prepare ourselves for what lies ahead.

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