Promotes Central Bank Digital Currency (CBDC) agenda
On June 15, 2021, at a meeting of the House Financial Services Committee, Congressman Andy Barr spoke on the importance of the United States leading in the development of a Central Bank Digital Currency (CBDC). He emphasized the need for regulatory frameworks to support this emerging technology while balancing innovation with consumer protection. Barr's comments were part of a broader push to ensure that the U.S. remains competitive in the global financial landscape.