US Senator Cruz Introduces Bill to Prevent Federal Reserve From Using Digital...

US Senator Cruz Introduces Bill to Prevent Federal Reserve From Using Digital...

U.S. Senator Ted Cruz has introduced legislation to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals and competing with the private sector. The senator from Texas warned that not only would this CBDC model centralize financial information, leaving it vulnerable to attack, but it could also be used “as a direct surveillance tool into the private transactions of Americans.” Senator Cruz Introduces Bill to Prevent the Fed From Issuing Digital Dollar to Retail Consumers U.S. Senator Ted Cruz (R-TX)....


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