US Lawmakers Demand 'Permanent' CBDC Block
US lawmakers are urging for a permanent ban on a Central Bank Digital Currency, arguing a temporary delay is insufficient.Summary
A group of US lawmakers, led by Congressman Michael Cloud, sent a letter to House Speaker Mike Johnson and Senate Majority Leader John Thune demanding that any prohibition on a US Central Bank Digital Currency (CBDC) must be permanent, not just a delay until 2031. They argue that a temporary ban, proposed in an amendment to the Federal Reserve Act within the "21st Century ROAD to Housing Act" (HR 6644), is inadequate. The lawmakers contend that a CBDC is "inherently anti-American" because it would expose citizens to unconstitutional financial surveillance and grant the unelected Federal Reserve excessive power over personal finances, violating civil liberties. They want the strong language from the previously introduced "Anti-CBDC Surveillance State Act" (HR 1919) restored, noting that the current amendment still allows the Federal Reserve to study a CBDC.
(Source：Cointelegraph)