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| Senator Cruz Introduces Companion Bill To Prohibit The Fed From Issuing A CBDC | |
| 2025-03-28 | |
[ZeroHedge] US Senator Ted Cruz introduced a bill on March 26 to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC).
The Texas Republican’s bill can be considered a companion bill to Minnesota Republican Representative Tom Emmer’s anti-CBDC legislation, which was reintroduced on March 6. A companion bill is a piece of legislation that is similarly or identically worded to another bill, and introduced in the other chamber of Congress. Both bills state that the prohibition should not include any dollar-denominated currency that is open, permissionless, and private and “preserves the privacy protections of United States coins and physical currency.” Related: Digital currency 03/18/2025 Back to cash: life without money in your pocket is not the utopia Sweden hoped Digital currency 06/14/2024 Saudi leaves the petrodollar system: A global finance paradigm shift Digital currency 03/04/2024 Could April 8 Be a Day of Terror and the Start of Financial Endgame? | |
| Posted by:Skidmark |
| #2 Problem with digital currency... It can be turned off. Especially if the government doesn't like you. Cash cannot be turned off. We have already seen conservative groups get debanked. Imagine if the government could just disable their wallet. |
| Posted by: DarthVader 2025-03-28 14:05 |
| #1 Electronic currency only lasts till the next power outage - see natural disasters. |
| Posted by: Procopius2k 2025-03-28 12:49 |