> “It is why this administration believes that now more than ever,” he said, “prudent regulation of cryptocurrencies is needed.” They've been researching CBDCs

> “It is why this administration believes that now more than ever,” he said, “prudent regulation of cryptocurrencies is needed.” They've been researching CBDCs for over 3 years. It is striking and important that these statements were made on the day after the apparent success of the Ethereum merge. It's hard to interpret this as anything other than a shot across the bow of cryptocurrencies.