U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDC

U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDC

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Source: Coindesk.com

The U.S. House of Representatives voted largely along party lines to prevent the Federal Reserve from issuing a central bank digital currency.

The CBDC Anti-Surveillance State Act, introduced by Majority Whip Tom Emmer (R-Minn.), seeks to block the U.S. central bank from continuing efforts toward the development of a digital dollar. Republicans expressed concerns that a U.S.

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The post "U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDC" appeared first here Coindesk.com.

Source: Coindesk.com

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