House Votes to Restrict Fed from Issuing a CBDC
CryptoNewsTerminal Staff23 May, 2024
House Votes to Restrict Fed from Issuing a CBDC
The U.S. House of Representatives has passed a bill that would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC). The bill, known as the "CBDC Anti-Surveillance State Act," was passed by a vote of 234 to 189. The bill would bar the Fed from developing or implementing a CBDC, which is a digital version of a country's fiat currency. Supporters of the bill argue that a CBDC could pose a threat to individual privacy and financial freedom. The bill now moves to the Senate, where it faces an uncertain future.
