US Senator Ted Cruz proposes bill to ban the Federal Reserve from issuing CBDC

03/28 12:08

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On March 28th, Senator Ted Cruz of the United States proposed a bill to ban the issuance of central bank digital currency (CBDC) by the Federal Reserve. This bill by the Republican senator from Texas can be seen as a companion bill to the anti-CBDC legislation proposed by Republican Congressman Tom Emmer of Minnesota. Emmer's bill was reintroduced on March 6th. A companion bill is legislation that is similar or identical in wording to another bill and is introduced in the other house of Congress.

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