U.S. Senator Ted Cruz (R-TX) announced Tuesday that he has reintroduced "a bill to prohibit the Federal Reserve from developing a central bank digital currency directly for consumers that could be used by the federal government as a financial oversight tool." The bill, supported by Senators Brown (R-IN) and Grassley (R-IA), was first introduced last March.
CBDCs could allow an entity like the Federal Reserve to mobilize into a retail bank, collect personal information about users, and track their transactions indefinitely.
The Texas senator noted that unlike decentralized cryptocurrencies like bitcoin, CBDCs "centralize Americans' financial information, making it vulnerable to attack."
"The federal government does not have the authority to unilaterally introduce central bank currency. We should empower entrepreneurs, innovate and expand individual freedom, not stifle it."
"Allowing the government to centralize Americans' financial information and increase oversight of Americans' financial activities ' is just a bad idea," said Senator Brown. The American people should be able to spend their money as they choose without the government being able to track every transaction.
It is worth noting that Senator Cruz is a bitcoin investor who buys BTC on a weekly basis. While expressing strong optimism about the cryptocurrency, he explained that he is optimistic about BTC because it is decentralized and unmanageable. In January of this year, he introduced a resolution encouraging Capitol gift stores to accept cryptocurrency.
This week, Florida Governor Ron DeSantis proposed banning the use of federally accepted CBDC as money in his state.
Federal Reserve Chairman Jerome Powell, said the Fed is not at the point of making any real decisions on CBDC. "We have not decided that CBDC is something that the financial system in the United States would want or need."
So the Fed, in the words of its chairman, is not developing and is not going to implement a CBDC, which is what is hard to believe. But most importantly, the U.S. parliament has representatives who even before the official introduction of the digital dollar want to legislate against it.
Unfortunately, neither in Russia nor in other countries there is not even a hint of desire to prevent the introduction of total surveillance of all expenses of citizens. All obediently accept the tools imposed by the global financial authorities for total surveillance of citizens and depriving them of the ability to save the results of their work. ⚡⚡⚡⚡⚡⚡⚡⚡⚡