Summary
- US Senator Ted Cruz reportedly submitted a bill to prohibit the Federal Reserve from issuing CBDC.
- The bill reportedly includes provisions to prohibit the Federal Reserve from directly providing certain goods or services to Americans through CBDC.
- It is reported that this bill could be considered a Companion Bill to Congressman Tom Emmer's Federal Reserve CBDC Issuance Limitation Act.
US Senator Ted Cruz has introduced a bill on the 26th (local time) to prohibit the Federal Reserve from issuing a Central Bank Digital Currency (CBDC).
According to Cointelegraph, a media outlet specializing in virtual assets (cryptocurrency), the bill is called the Anti-CBDC Surveillance State Act and includes provisions to prohibit the Federal Reserve from directly providing certain goods or services, which are key components of CBDC, to Americans.
It is explained that this could be considered a Companion Bill to the Federal Reserve CBDC Issuance Limitation Act introduced by Congressman Tom Emmer.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
