Prohibiting Central Bank Digital Currency (CBDC) for US Citizens
This bill aims to prevent central banks and other government agencies from issuing digital currency directly to individuals. This means the government would not be able to create or control a digital version of the dollar for payments, nor maintain digital accounts for individuals. The goal is to protect financial privacy and prevent direct government control over citizens' money.
Key points
Central banks and government agencies will be prohibited from issuing digital currency directly to individuals.
The government will not be able to offer related digital currency products or services directly to individuals.
Central banks will be prevented from maintaining digital accounts on behalf of individuals.
Status:
Introduced
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