Crypto Blog
In a move against the Biden administration’s plans to introduce a “digital dollar,” five United States senators have united to introduce legislation prohibiting central bank digital currencies .
Describing CBDC as “government-controlled programmable money,” Senator Cruz’s announcement on the legislation filing warned of its potential to collect intimate personal details on citizens and allow for the Additionally, the bill would mandate congressional authorization for any CBDC issuance, effectively reducing the Federal Reserve’s power to introduce such a currency without explicit legislative approval.
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