US Senator Introduces Bill to Ban Direct-to-Consumer Central Bank Digital Currency

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US Senator Introduces Bill to Prohibit the Fed From Developing Direct-to-Consumer Central Bank Digital CurrencyU.S. Senator Ted Cruz has introduced “legislation to prohibit the Federal Reserve from developing a direct-to-consumer” central bank digital currency (CBDC). The lawmaker warned that it “could be used as a financial surveillance tool by the federal government.” Another senator stressed: “The American people ought to be able to spend their money how they choose […]

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