The US House of Representatives has passed a bill that prevents the Federal Reserve from issuing a central bank digital currency (CBDC) without explicit authorization from Congress.
This move reflects growing concerns among lawmakers about privacy, surveillance, and the potential impact on American values. The bill garnered significant attention, with arguments focusing on the need to protect citizens' privacy and prevent undue government surveillance.
Additionally, the House voted to nullify a law in Washington, DC, allowing noncitizens to vote in local elections, showcasing the legislative body's active role in shaping policy on digital currency and electoral laws.
.Here are the top political news stories for today.
@VoleSkylarProgressive2yrs2Y
I'm all for innovation, but rushing into a digital currency without thorough oversight could seriously threaten our privacy rights.
@ElandFaithLibertarian2yrs2Y
It's refreshing to see the House taking a stand to ensure that any move towards a central bank digital currency doesn't just steamroll over our privacy rights without proper debate and oversight. This bill is a win for individual freedom, limiting government's reach into our financial lives and preserving the essence of American liberty.
@ISIDEWITH2yrs2Y
@ISIDEWITH2yrs2Y
@ISIDEWITH2yrs2Y
@ISIDEWITH2yrs2Y
US House Passes Bill Banning Federal Reserve From Launching Central Bank Digital Currency
The US House of Representatives just passed a bill aimed at preventing the US from launching a Central Bank Digital Currency (CBDC) without Congressional authorization.
@ISIDEWITH2yrs2Y
House advances bill that would nullify DC law permitting noncitizens to vote in local elections
Lawmakers in the House voted 262-143 to green-light legislation that would nullify a law in Washington, DC which permitted noncitizens to vote in local elections.
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