During his confirmation hearing before members of the Senate Banking Committee, Lael Brainard, a member of the Federal Reserve Board of Governors, said Congress should ultimately decide to move forward with a central bank digital currency. , or CBDC. Speaking to pro-crypto Senator Cynthia Lummis at the Dirksen Senate office building on Thursday, Brainard said the Fed would welcome Congress “playing a very important role” in updating the regulatory framework for crypto – currencies and digital assets. Asked about the possible use of CBDCs to monitor users’ financial activities – as Lummis claimed to be happening in China – Brainard...