The US attorney, who is against CBDC currencies that central banks are working on as an alternative to crypto, talked about Ripple (XRP). American congressman Warren Davidson criticized the attitude of investors regarding Ripple’s work in the CBDC space.
https://twitter.com/WarrenDavidson/status/1691421313410191360
Davidson, who tweeted on account X on Tuesday, said the following about XRP investors:
“I am surprised that Ripple investors visible on Twitter have disproportionately appreciated the company’s CBDC work.”
The US attorney, who is strongly opposed to state-sourced digital currencies, does not think very positively about the altcoin project operating in this area. Davidson added a poll to Ripple investors at the bottom of his tweet, wondering their opinion. Asking why XRP fans were interested in the project, the attorney revealed that the developers’ CBDC moves were not very effective.
Is CBDC a Threat?
The increase in the acceptance of crypto money and blockchain technology all over the world has mobilized the states. Central Banks are working on CBDC to produce an alternative to the already decentralized altcoin units. To speak more plainly, central banks are trying to make their own cryptocurrencies by issuing altcoin units that are indexed to paper money.
While some of the crypto community supports these projects, opponents reject the projects, claiming that this will make states stronger.
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