Rep. Warren Davidson (R-Ohio) has made a plea to Congress advocating for a prohibition on Central Bank Digital Currencies and seeking criminal penalties for their creation. What Happened: Davidson on Tuesday said, “CBDCs poses an existential threat to western civilization. Sound money serves as a stable store of value and an efficient means of exchange. CBDC consummates the corruption of money into a dystopian tool for coercion & control. Ban them.” CBDCs are digital forms of a nation’s legal currency, which are issued and regulated by the country’s central bank. The Republican congressman has…

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