Republican Senators Unite Against Biden's Digital Dollar Initiative
Key Takeaways A coalition of five US senators opposes the Biden administration's plans for a digital dollar, citing privacy and freedom concerns. The proposed legislation aims to restrict the Federal Reserve's authority to issue a CBDC, fearing it could lead to government surveillance and control. The bill has received support from multiple associations and figures, indicating skepticism about CBDCs.
Key Takeaways
- A coalition of five US senators opposes the Biden administration's plans for a digital dollar, citing privacy and freedom concerns.
- The proposed legislation aims to restrict the Federal Reserve's authority to issue a CBDC, fearing it could lead to government surveillance and control.
- The bill has received support from multiple associations and figures, indicating skepticism about CBDCs.
