Category: texas senator

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US Senator Introduces Bill to Ban Direct-to-Consumer Central Bank Digital Currency

March 23, 2023

U.S. Senator Ted Cruz has introduced “legislation to prohibit the Federal Reserve from developing a direct-to-consumer” central bank digital currency (CBDC). The lawmaker warned that it “could be used as a financial surveillance tool by the federal government.” Another senator stressed: “The American people ought to be able to spend their money how they choose…
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US Senator Ted Cruz pushes for crypto in Congress … using snacks

January 27, 2023

A newly introduced resolution could potentially see lawmakers buying sodas and chips using crypto-supporting vending machines. Texas Republican Senator Ted Cruz is pushing the United States Congress to adopt cryptocurrency within its halls using an incentive both sides might agree on — food. Cruz introduced a concurrent resolution dated Jan. 25 that would only allow…
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