US HOUSE OF REPRESENTATIVE AND CBDC

in blurt •  2 months ago 

US House of Representatives Supports Bill Against CBDC

IMG_20240531_074529_382.jpg

🇺🇸 The US House of Representatives has passed a bill prohibiting the Federal Reserve (Fed) from issuing Central Bank Digital Currency (CBDC) without congressional approval, as announced by House Republican Leader Tom Emmer.

🗞 The bill was passed with 216 votes in favor and 192 against.

👀 According to the bill, the government can issue a CBDC "only with the permission of Congress." Emmer emphasized that the digital dollar should not be used like e-CNY and must be open and not a surveillance tool.

✋The Fed is prohibited from using CBDC for implementing monetary policy and economic control.

✔️ Since 2021, Emmer has advocated for the digital dollar design to exclude the possibility of financial oversight over citizens.

PS: You can read related cryptocurrency post from me here

1.what determines the price of cryptocurrency

2.binance help arrest ZKASINO fraud

3.crypto exchange what is dex

4.Nigeria court denise bail for binance executive

5.warren buffet view about crypto

6.solona top as fastest Blockchain amid meme coin craze

7.be careful new TikTok scammer strategy

8.Venezuela bans crypto mining to protect power grid

9.my prediction on solona before November

10.war for supremacy in us over crypto

11.how to identify undervalued cryptocurrency

12SpaceX automatic and digital trading assets

13.where to store crypto

14.good news for the bull run

Watch the video short below

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE BLURT!