The Central Bank Digital Currency (CBDC) Anti-Surveillance State Act is an attempt to block a U.S. CBDC and prevents Federal Reserve banks from offering certain products to consumers and from using a central bank digital currency for monetary policy, the report added. The House passed the bill banning the Federal Reserve from issuing a CBDC last month, however, its prospects in the Senate are unclear.
Related posts
-
Tether (USDT) Shifts Focus to Community-Driven Blockchain Support
Tether, the issuer of the widely-used stablecoin USD₮ (USDT), has announced... -
Bitcoin Crash To $61,000 Drives 24-Hour Crypto Liquidations Toward $300 Million
Early on Monday morning, the Bitcoin price crashed another 5% to drop to the $61,000 level.... -
Kraken MTF, the Exchanges’ Derivatives Arm, Joins Copper’s ClearLoop Crypto Settlement Network
After many traders’ funds were marooned on the collapsed crypto exchange FTX, there’s been a push...