A former official of the U.S. Securities and Exchange Commission (SEC) says the establishment of a central bank digital currency (CBDC) is possibly the most absurd financial idea in the history of monetary policy. Ex-chief of the SEC Office of Internet Enforcement John Reed Stark says the CBDC does not solve any problem at all The post Former SEC Official Says CBDCs Will Open Pandora’s Box of Privacy Concerns, Supports Ted Cruz’s Proposed Ban appeared first on The Daily Hodl .