Texas Senator Ted Cruz is proposing legislation to prevent the Federal Reserve from creating a central bank digital currency (CBDC). CBDCs are the digital form of a country’s fiat money and unlike cryptocurrencies like Bitcoin (BTC), these assets are issued and backed by the government. Cruz argues that the creation of the CBDC will centralize The post Texas Senator Ted Cruz Launches New Bill To Block US Government From Creating CBDC appeared first on The Daily Hodl .
