US Senators Introduce Bill to Ban Central Bank Digital Currencies, Citing Privacy Concerns
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Republican lawmakers, including Senators Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd, and Mike Braun, have introduced a bill called 'The CBDC Anti-Surveillance State Act' to ban the issuance of a Central Bank Digital Currency (CBDC) in the United States. The bill aims to prevent the potential interference with personal privacy and the efforts of the Biden administration. The proposal has garnered support from other senators and organizations, including Heritage Action for America, Blockchain Association, American Bankers Association, Independent Community Bankers Association, and Club for Growth. This is not the first time Republicans have introduced a bill against CBDCs in the US, as a previous proposal was made by Republican representative Tom Emmer. However, the previous proposal faced...
#newstr #Cbdc #FinancialPrivacy #UsLawmakers #DigitalEconomy