US must catch up to China’s digital currency in order to 'lead the world': Paul Ryan policy volume

Paul Ryan's policy volume outlines challenges the U.S. faces, particularly China's dominance in the cryptocurrency realm, and offers solutions to restore U.S. financial dominance.

Ryan, R-Wis., told Fox News Digital in an interview ahead of the book's release that it was "designed to prevent America from going down the path of a debt crisis and losing the dollar as the world's reserve currency." Kelly Laco is a politics editor for Fox News Digital.

"If we lose the dollar as the world's reserve currency, it will massively inflict fiscal and monetary damage to our country. It will make it harder for us to finance our government, our social safety net and our economy, frankly, because interest rates will be much higher," he said. "The fiscal policies in this book are proposals designed to fix these programs so that they're reliable and solvent and that they don't go into a debt crisis."