Congressman Warns: China Aims to Displace USD, Long-Term Stability of Dollar at Risk

In an exclusive interview at Consensus 2024, Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, speaks with Congressman Raja Krishnamoorthi (D-IL) about the rising prominence of cryptocurrency as an election issue. Krishnamoorthi emphasizes the need for regulatory frameworks that foster innovation in the crypto space and highlights growing bipartisan support for these efforts. He also raises concerns about potential Chinese interference in U.S. elections and warns that China is actively trying to displace the U.S. dollar as the world's reserve currency. Tune in for crucial insights on the intersection of politics, regulation, and the global financial landscape. Special coverage of Consensus is brought to you by *Diamond Standard* → https://bit.ly/DiamondStandardKitco.

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#election #politics #crypto #investing #innovation #Consensus

00:00 Intro: Crypto & Elections
01:14 Regulatory Framework for Crypto
01:36 Crypto as an Election Topic
03:15 Democrats' Stance on Crypto
05:03 FIT21
08:05 CBDCs
18:23 Concerns About China’s Influence
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