CBDC Fight Escalates As US Lawmakers Call For Permanent Ban
US lawmakers are escalating their fight against a Central Bank Digital Currency (CBDC). A group of 29 representatives, led by Congressman Michael Cloud, sent a letter to congressional leaders demanding a permanent ban on a digital dollar. This was in response to a housing bill that included a temporary ban lasting only until 2031. The lawmakers argue this temporary measure is a weak version of a stronger, stalled bill (HR 1919) that would have completely prohibited a CBDC. They warn a CBDC would grant the Federal Reserve unchecked control over money and enable government surveillance of private finances, calling it "inherently anti-American." The push for a permanent ban signals this political battle is far from over.
bitcoinist03/09 01:02
