U.S. House Passes Bill Banning Federal Reserve From Issuing CBDC

By: Isha Das

The U.S. House of Representatives has approved a bill that aims to prevent the Federal Reserve from issuing a Central Bank Digital Currency (CBDC). This legislation, which received divisive partisan support, addresses concerns about potential surveillance risks similar to those seen in China's digital yuan initiative. To read more about the differences between CBDCs and cryptocurrencies, visit this link.