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CryptoGlobe
2023-03-26 09:45:28

U.S. Senator Ted Cruz Introduces Bill Aimed at Halting Federal Reserve’s CBDC Ambitions

U.S. Senator Ted Cruz Introduces Bill Aimed at Halting Federal Reserve’s CBDC Ambitions

Senator Ted Cruz, a Republican from Texas and Ranking Member of the Senate Committee on Commerce, Science, and Transportation, recently proposed legislation to prevent the Federal Reserve from creating a central bank digital currency (CBDC) for consumer use. Co-sponsored by Senators Braun (R-Ind.) and Grassley (R-Iowa), the legislation is designed to safeguard financial privacy by

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