January 20, 2022

Brown Statement on Federal Reserve’s CBDC Report

WASHINGTON, D.C. – Today, Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, issued the following statement regarding the Federal Reserve’s report on central bank digital currencies.

“The Federal Reserve’s report is a good first step toward designing a central bank digital currency that will bring more Americans into our banking system and help maintain the United States’ leadership in the global economy,” said Brown. “I look forward to working with the Federal Reserve and the Biden Administration to ensure that workers, small business, community banks, and credit unions can continue to participate in our digital economy.”