U.S. lawmakers have introduced a bill to prohibit the Federal Reserve from “establishing, carrying out, or approving a program intended to test the practicability of issuing” a central bank digital currency (CBDC). “CBDCs would threaten the liberties of law-abiding Americans and are being used by authoritarian countries right now to crack down on dissent,” said Congressman Alex Mooney. Digital Dollar Pilot Prevention Act U.S. Congressman Alex Mooney (R-WV) announced last week that he has introduced the Digital Dollar Pilot Prevention Act (H.R. 3712) “to close the Federal Reserve ...
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