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Congressional Committee Passes Bill to Ban CBDCs 

ByPimpHesus

Sep 26, 2023

The House Financial Services Committee recently passed anti-CBDC (central bank digital currency) legislation out of committee. H.R. 5403, the “CBDC Anti-Surveillance State Act,” would ban the Federal Reserve from issuing central bank digital currencies and clarify that a CBDC can only be issued by congressional legislation. The bill’s main sponsor is Majority Whip Tom Emmer, …

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