US Senator introduces 'No Digital Dollar Act' to prohibit Treasury and the Fed from interfering with Americans using paper currency

10/02 15:48

According to News.bitcoin, U.S. Senator James Lankford announced T that he has introduced a bill titled “No Digital Dollar Act to prohibit the U.S. Treasury and the Federal Reserve from interfering with Americans using paper currency if a digital currency is adopted and makes certain individuals can maintain privacy over their transactions using cash and coins.” The bill will “amend the Federal Reserve Act to prohibit the Board of Governors of the Federal Reserve System from discontinuing Federal Reserve notes if a central bank digital currency is issued, and for other purposes,” according to the text of the bill. The bill further states: “No central bank digital currency shall be considered legal tender under section 16 5103 of title 31, United States Code.”

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