According to CoinDesk, the U.S. House of Representatives has passed a bill along party lines to prevent the Federal Reserve from issuing a Central Bank Digital Currency (CBDC). The “CBDC Anti-Monitoring Nation Act,” introduced by majority whip Tom Emmer, seeks to halt the development of a digital dollar by the U.S. central bank. Republicans expressed concerns that a U.S. CBDC could be used to control Americans. Democratic lawmakers argued in debate before the vote on Thursday (23rd) that these concerns were exaggerated and that the ban would hinder innovation and research in the public sector. A total of 213 Republicans and 3 Democrats voted in favor of the bill, while 192 Democrats opposed it, in stark contrast to the previous day’s vote on the “21st Century Financial Innovation and Technology Act” (FIT21). Related reports: “Presidential candidate Trump promises to strongly oppose CBDC if elected: I will protect the people from government tyranny!”
Are Stablecoins Primarily Used for Money Laundering? Blockchain Analysis Firm Reports 99% of Stablecoin Transactions Will Be for Legitimate Purposes in 2024.
Table of Contents Toggle Stablecoin Usage Becomes Increasingly Compliant TRM …