US lawmaker proposes bill aimed at limiting Fed’s ability to issue CBDC -Breaking
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Minnesota Senator Tom Emmer announced that he would introduce a bill to stop the Federal Reserve acting as a retailer bank when it comes to the possible issuance of digital dollars.
Emmer made the announcement on Wednesday. The bill would InterdictionU.S. customers are prohibited from receiving a CBDC (central bank digital currency) directly by the Fed. According to the Minnesota representative, having the government entity require users to open accounts to access the benefits of a digital dollar would “put the Fed on an insidious path akin to China’s digital authoritarianism.”
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