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Lummis urges colleagues to consider future of the US dollar

Lummis urges colleagues to consider future of the U.S. dollar

WASHINGTON, D.C. – Today, U.S. Sen. Cynthia Lummis, R-Wyo., joined her colleagues on the Senate Banking, Housing, and Urban Affairs Committee to discuss the potential for a digital dollar, or central bank digital currency. The hearing, entitled “Building A Stronger Financial System: Opportunities of a Central Bank Digital Currency,” explored the competition the United States is facing from China in the realm of financial innovation.