U.S. LAWMAKERS BACK CBDC, SLAM CRYPTO AS ‘SCAM’ – SHIBA INU COMMUNITY RESPONDS
In a growing push for financial control, U.S. lawmakers are leaning toward a central bank digital currency (CBDC) as a “safer” and more regulated alternative to cryptocurrencies. During a recent press event, Representative Stephen Lynch labeled the crypto industry as a “scam,” citing its role in ransomware attacks and lack of real-world use cases. Representative Maxine Waters echoed the sentiment, warning that efforts to block a U.S. CBDC—such as the CBDC Anti-Surveillance State Act—could harm innovation and threaten national security.
Despite passing narrowly through committee (27–22), the Act reflects deep concerns over privacy and state surveillance. Opponents fear a government-issued digital dollar could centralize financial control, reduce consumer freedom, and expand digital monitoring.
Meanwhile, decentralized projects like Shiba Inu’s Shibarium are offering a powerful counter-narrative. While lawmakers push for top-down control, Shibarium champions a community-led, transparent, and permissionless vision of the future. The debate isn’t just about regulation—it’s about who gets to define digital finance.
For $SHIB holders and Web3 believers, this is a defining moment: Will the future be centralized and surveilled—or open and owned by the people?