U.S. Senator Ted Cruz proposes to ban the Federal Reserve from issuing CBDC bill

Crypto 7x24

2025-03-28 20:23:22

On March 28, U.S. Senator Ted Cruz proposed a bill to ban the Federal Reserve from issuing Central Bank Digital Currency (CBDC). The Texas Republican senator's bill can be seen as a companion bill to Minnesota Republican Rep. Tom Emmer's anti-CBDC legislation. Emmer's bill was reintroduced on March 6. A companion bill is legislation that is literally similar or identical to another bill and is introduced in another chamber of Congress.

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