GOP Sen. Ted Cruz Proposes Ban on a CBDC

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GOP Sen. Ted Cruz Proposes Ban on a CBDC
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GOP leaders continue to take aim at CBDCs, with SenTedCruz proposing a federal ban days after GovRonDeSantis asked lawmakers in his state to block usage of any national CBDC. SteveAlpher reports

Sen. Ted Cruz introduced a bill on Tuesday aimed at blocking the Federal Reserve from creating a consumer-based central bank digital currency, or CBDC.

"The federal government has no authority to unilaterally establish a central bank currency," Cruz said in ."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."Earlier this week, Florida Gov. Ron DeSantis, who is a likely GOP presidential candidate,

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