Geminance

#USGOPSeeksPermanentCBDCBan is about House Republicans pushing to permanently block the Federal Reserve from ever creating a digital dollar. Lawmakers argue that a CBDC could enable the government to track spending and control how people use their money, so they’ve tried to attach a ban to must-pass bills, such as the FISA reauthorization and defense funding. The ban has passed the GOP-controlled House but continues to be stripped out in the Senate, where Democrats and Senate leadership say it has no chance. For now, it’s more of a political red line than a law, but it shows how wary many Republicans are about giving the Fed direct control over digital money.