Ted Cruz Introduces Bill To Stop Creation Of A ‘Central Bank Digital Currency’

  • “The federal government has no authority to unilaterally establish a central bank currency,” Cruz remarked in a press release.
  • “This bill goes a long way in making sure big government doesn’t attempt to centralize or control cryptocurrency and instead, allows it to thrive in the United States. We should be empowering entrepreneurs, enabling innovation, and increasing individual freedom, not stifling it.”
  • Cruz noted that the Federal Reserve could effectively establish itself as a retail bank and monitor the transactions of all Americans should officials create a central bank digital currency.
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