Conservative Advocates Condemn U.S. CBDC Development, Encourage Bitcoin Adoption Today


A conservative advocacy group known as The Club For Growth (CFG) has published a policy brief titled: The Case Against A U.S. Central Bank Digital Currency, per a briefing sent to Bitcoin Magazine.

The brief begins by detailing the innovation that is Bitcoin by exploring its immutability, decentralization, speed, trustless operability, and its capacity for disruption by disintermediating the world of commerce and banking. Then, the report harkens back to a report published by the Federal Reserve which discussed the possibilities for future implementations of a central bank digital currency (CBDC) in the U.S. In summary, The Club For Growth states:

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