House Passes Bill Blocking Federal Reserve Digital Currency
TL;DR
The U.S. House of Representatives passed the CBDC Anti-Surveillance State Act to prevent the Federal Reserve from developing a central bank digital currency, citing concerns over potential control over Americans. The vote was largely along party lines, with Republicans in favor and Democrats opposed. The bill's future in the Senate remains uncertain.
- U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDC CoinDesk
- U.S. House of Representatives decide on anti-CBDC bill The Block
- House votes to block Federal Reserve from creating own digital currency Fox Business
- House passes bill to prevent creation of CBDCs Axios
- U.S. House of Representatives: House Session | May 23, 2024 C-SPAN
Want the full story? Read the original reporting
Read on CoinDesk