🔥Hot off the press! The U.S. House of Representatives has v

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🔥Hot off the press! The U.S. House of Representatives has voted to prevent the Federal Reserve from issuing a central bank digital currency (CBDC). The CBDC Anti-Surveillance State Act, introduced by Majority Whip Tom Emmer, seeks to halt the development of a digital dollar.🚫💵 While Republicans worry about potential control over Americans, Democrats argue that the concerns are overblown and a ban would stifle public sector innovation and research. The vote saw 213 Republicans and three Democrats for the bill, with 192 Democrats against. Interestingly, this comes just a day after a crypto market structure bill, FIT21, received bipartisan support, marking a significant moment for the crypto industry.🎉📈 However, both bills seem to be headed for a standstill in the Senate. What's your take on this? Let's discuss in the comments! #crypto #CBDC #USPolitics

🔥Hot off the press! The U.S. House of Representatives has voted to prevent the Federal Reserve from issuing a central bank digital currency (CBDC). The CBDC Anti-Surveillance State Act, introduced by Majority Whip Tom Emmer, seeks to halt the development of a digital dollar.🚫💵
While Republicans worry about potential control over Americans, Democrats argue that the concerns are overblown and a ban would stifle public sector innovation and research. The vote saw 213 Republicans and three Democrats for the bill, with 192 Democrats against. 
Interestingly, this comes just a day after a crypto market structure bill, FIT21, received bipartisan support, marking a significant moment for the crypto industry.🎉📈
However, both bills seem to be headed for a standstill in the Senate. What's your take on this? Let's discuss in the comments! #crypto #CBDC #USPolitics

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