The US House of Representatives voted along party lines to block the Federal Reserve from issuing a central bank digital currency. 🏦💵🚫
The CBDC Anti-Surveillance State Act aims to thwart the US central bank's efforts to develop a digital dollar. Republicans have expressed concerns that a US CBDC could be used to control Americans. 🇺🇸🔒
Democrats said before Thursday's vote that concerns were overblown and that the ban would stifle public sector innovation and research. 🎓💡
But the market structure and anti-CBDC bills appear to be heading for similar fates in the Senate, given that half of Congress has no response for either bill — going nowhere. 🏛️🔄
What are you thinking? We are waiting your comments! 🗨️👇