U.S. Senator Ted Cruz proposed a bill to prohibit the Federal Reserve from issuing CBDC

ChainCatcher news, according to ZeroHedge, U.S. Senator Ted Cruz has proposed a bill to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC).

The Texas Republican senator's bill can be seen as a companion bill to the anti-CBDC legislation introduced by Minnesota Republican Representative Tom Emmer. Emmer's bill was reintroduced on March 6. A companion bill is legislation that is textually similar or identical to another bill and is introduced in another chamber of Congress.