U.S. House passes bill banning Federal Reserve from issuing a Central Bank Digital Currency
The House of Representatives has made a significant move by banning the Federal Reserve from creating the „digital dollar,” a central bank digital currency, according to Forbes.
This decision, proposed by the House Majority Whip, Rep. Tom Emmer, as the „CBDC Anti-Surveillance State Act,” is a crucial amendment to the Federal Reserve Act, which governs the US central banking system.
The amendment states, „The Board of Governors of the Federal Reserve System and the Federal Open Market Committee may not use any central bank digital currency to implement monetary policy.”
The Bill still has a long way to go before becoming law – it needs to pass a vote in the Senate and potentially stand a presidential veto.
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
