{"id":466816,"date":"2021-07-04T08:52:47","date_gmt":"2021-07-04T08:52:47","guid":{"rendered":"https:\/\/wncen.com\/?p=466816"},"modified":"2021-07-04T13:30:55","modified_gmt":"2021-07-04T13:30:55","slug":"chinas-currency-threat-us-brian-armstrong","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/chinas-currency-threat-us-brian-armstrong\/","title":{"rendered":"Brian Armstrong Says China’s Digital Currency Is A Threat To U.S."},"content":{"rendered":"

Brian Armstrong strongly argues that China’s Central Bank Digital Currency will pose a threat to the U.S. Armstrong sees the CBDC<\/a> as a move that will disrupt the United States reserve currency in the long run.<\/p>\n

According to Coinbase CEO Brian Armstrong, he has already discussed his concerns with heads of agencies and lawmakers.<\/p>\n

Brian Armstrong had a meeting with Jerome Powell and Paul Ryan two months ago on May 11. However, the meeting wasn\u2019t made public until the publication of Powell’s meeting calendar last Friday, July 2, 2021.<\/p>\n

The calendar disclosed that the meeting between the former speaker of the House of Reps, Paul Ryan, Coinbase CEO Brian Armstrong, and Chairperson Powel lasted for 30 minutes.<\/p>\n

The meeting took place before the Federal Reserve announced the upcoming release of a \u201cdiscussion paper\u201d about CBDC (Central Bank Digital Currency).<\/p>\n

For now, no one can say why the former Representative was there since he\u2019s now working with Solamere Capital, an investment firm that deals in private equity.\u00a0<\/strong><\/p>\n

Brian Armstrong On The Topic Under Discussion?<\/h2>\n
The meeting calendar, which later surfaced to the public, did not disclose what the topics under discussion were.<\/p>\n
Related Reading | Why Terra (LUNA) Will Reward Users With New Community Bounty Program<\/a><\/em><\/strong><\/p>\n
But from what Armstrong mentioned in his May 11 tweets, the meeting was a way to clarify the lawmakers’ doubts about crypto and also to gain more insight into the regulatory issues surrounding the technology in the U.S.<\/p>\n
\n
1\/ I spent most of this week in DC meeting with members of Congress and heads of various federal agencies, along with @RonConway<\/a> @katie_haun<\/a> and @iampaulgrewal<\/a>.<\/p>\n
— Brian Armstrong (@brian_armstrong) May 15, 2021<\/a><\/p><\/blockquote>\n