US Senator Suggests Banning Fed From Issuing a Direct-to-Consumer CBDC

 
US Senator Ted Cruz has introduced companion legislation to a January 2022 bill drafted by Representative Tom Emmer, which prohibits the Federal Reserve (Fed) from issuing a central bank digital currency (CBDC) directly to individuals.
The legislation bans the Fed from developing a direct-to-consumer CBDC that “could be used as a financial surveillance tool by the federal government, similar to what is currently happening in China,” Emmer’s office said in a statement. …
Read More: US Senator Suggests Banning Fed From Issuing a Direct-to-Consumer CBDC  Read more »
Pay, Trade, Buy Bitcoin with Credit Card