U.S. Senator Reintroduces "Ban on CBDC Bill"

ChainCatcher news, according to Bitcoin.com News, U.S. Senator Mike Lee has reintroduced the No CBDC Act, which aims to permanently prevent the Federal Reserve from supporting digital currencies.

The bill has the joint support of Senators Ted Cruz and Rick Scott, marking another significant move following Trump's executive order banning CBDCs. The legislation will ensure that the Federal Reserve cannot issue, hold, or use CBDCs in any form.