American Senator Ted Cruz foot A draft law on March 26 to ban the Federal Reserve of the issuance of a digital currency for the Central Bank (CBDC). The “Anti -Monitoring Law of CBDC” will prevent the Federal Reserve from providing certain products or services directly to American individuals, which is a major component in any CBDC.
The Texas Republican Bill can be considered a draft law associated with the Republican representative of Minnesota, Tom Amir CBDC control legislationWhich was re -provided on March 6. The accompanying bill is part of the legislation that was formulated similarly or identical to another draft law, and it has been presented in the other Congress Chamber.
Both projects mention that the embargo should not include any currency -denoted in the dollar open, permission, especially and “maintains privacy protection for the currencies of the United States and the material currency.”
Senator Ted Cruz Bill CBDC. source: Ted Cruz
Since 2020, Federal Reserve Digital version has been explored From the US dollar. According to the CBDC follower, at least four research projects are made by various federal reserve entities.
Cruz has been an audio opposition to CBDCS at least 2022, when he made legislation that would prohibit the Federal Reserve of CBDC directly to the consumer. Follow it with Similar legislation in 2023In 2024 Sought President Joe Biden’s attempt to create CBDC.
Emmer He said in a hearing in Congress The “CBDC technique is not American in its nature” and warned that allowing unacceptable Beruviocrats to release CBDC can increase the American way of life. “
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Critics condemns cbdcs
While CBDCs has some alleged benefits, technology critics have long said that the digital currency that was issued directly to citizens can constitute a violation of privacy and overcoming the government.
However, some countries and regional governments still explore this technology. While European consumers Show a little interest in CBDCSLegislators in the region Pressure to create a digital euro. Israel released a preliminary design To create a digital shekelAnd according to what Iran reported CBDC launch in the near future.
In the United States, CBDC was created with more resistance. President Donald Trump He pledged to “not allow” CBDC in the countryJerome Powell, Chairman of the Federal Reserve, said that the Federal Reserve You will not issue CBDC While he is responsible.
Although CBDCs can update old financial systems and make them more efficient, they will also focus the money width.
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