Ted Cruz introduces bill blocking Fed from adopting central bank digital currency

Senator Ted Cruz introduced legislation banning the Federal Reserve from moving forward with a central bank digital currency that would be available for use by consumers.

Highlights

• Sen.
• Ted Cruz introduced a bill banning the Federal Reserve from moving forward with a central bank digital currency.
• The federal government has been researching the possibility of a U.S.
• CBDC under an executive order President Joe Biden signed in March 2022.
• The bill is cosponsored by Sens.
• Mike Braun (R-Ind.)

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