US Senator Proposes Again to Ban CBDC Act

According to Foresight News, US Senator Mike Lee has reintroduced the No CBDC Act, which aims to permanently block digital currencies supported by the Federal Reserve. The bill has received joint support from Senators Ted Cruz and Rick Scott, marking another important move following Trump's executive order to ban CBDC. This bill will ensure that the Federal Reserve cannot issue, hold, or use CBDCs in any way.