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U.S. Senator Introduces "Ban CBDC Act" Again

BlockBeats News, February 9th. According to Bitcoin.com, U.S. Senator Mike Lee has reintroduced the "No CBDC Act," a bill aimed at permanently preventing Fed-backed digital currencies.


The bill has received joint support from Senators Ted Cruz and Rick Scott. This move follows Trump's executive order banning CBDCs and will ensure that the Fed cannot issue, hold, or use a CBDC in any way.

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