U.S. Senator Ted Cruz Introduces Bill to Ban Fed-Issued CBDC

BlockBeats News, March 28th, according to zerohedge report, U.S. Senator Ted Cruz proposed a bill aiming to prohibit the Federal Reserve from issuing a Central Bank Digital Currency (CBDC).

This bill from the Republican Senator of Texas can be seen as a companion bill to Minnesota Republican Congressman Tom Emmer's anti-CBDC legislation. 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.