CBDC: Senator Pushes For Permanent Ban In Housing Act Amendment
US Senator Ted Cruz is maintaining a firm campaign against a US central bank digital currency (CBDC). In the latest development, the junior senator representing Texas has pushed for a permanent CBDC ban in the 21st Century ROAD to Housing Act, to replace an initial short-term prohibition. Related Reading: US Watchdogs Submit Crypto, Prediction Markets […]
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The US Senate has moved to block the Federal Reserve from ever putting a government-issued digital dollar (CBDC) into Americans’ hands — at least for now. The ban is part of a sweeping housing affordability package and comes with an expiration date attached. Related Reading: Bitcoin Just Got A $200 Million Vote Of Confidence From […]
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)....
"Who knows how much innovation we’re going to stifle, who knows what kind of new apps never emerge," said Senator Pat Toomey. A compromise which proposed amending provisions in the bipartisan infrastructure deal on crypto failed to meet the requirements of a unanimous consent request in the Senate, making the bill likely to go to a full vote without additional changes.This afternoon, Senator Tom Carper, the Democratic floor manager for infrastructure bill HR 3684, put forth the compromise amendment agreed upon earlier today by Senators Pat Toomey, Cynthia Lummis, Rob Portman, Mark Warner,....
U.S. Senator Ted Cruz has introduced a resolution that would position Congress to lead in the area of cryptocurrency by having congressional cafeterias, vending machines, and gift shops accept crypto payments. “Congress is typically slow to adopt new technology,” he said.
Senator Pushes for Crypto Adoption in Congress
U.S. Senator Ted Cruz has introduced a resolution titled “Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions Resolution,” also referred to as “ACCEPT Resolution,” in the Senate Monday.
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Senator Kempis’ draft bill calls for a central bank digital currency to be legal tender in Mexico and claims state intervention is native to human rights.