‘Simply A Bad Idea’: Ted Cruz Introduces Bill To Stop Creation Of A ‘Central Bank Digital Currency’

Assessment: CBDCs must be getting close … Sen. Ted Cruz (R-TX) introduced a bill on Tuesday that would prevent the Federal Reserve and the Biden administration from establishing a central bank digital currency. Opponents of a potential central bank digital currency observe that the asset, which would be managed by the Federal Reserve and tethered to the value of the dollar, may increase government surveillance and control of private citizens. The legislation submitted by Cruz, as well as Sen. Mike Braun