Sens. Rick Scott & Ted Cruz Introduce Legislation to Ban Central Bank Digital Currencies
February 26, 2024
February 26, 2024
WASHINGTON, Feb. 26 -- Sen. Rick Scott, R-Florida, issued the following news release:
Today, Senator Rick Scott joined Senator Ted Cruz and their colleagues, Senators Bill Hagerty, Ted Budd and Mike Braun, in filing legislation to halt efforts by the Biden administration to issue a central bank digital currency (CBDC). A CBDC is government-controlled programmable money that, if not designed to emulate cash, could give the federal government not only significant transaction-level dat . . .
Today, Senator Rick Scott joined Senator Ted Cruz and their colleagues, Senators Bill Hagerty, Ted Budd and Mike Braun, in filing legislation to halt efforts by the Biden administration to issue a central bank digital currency (CBDC). A CBDC is government-controlled programmable money that, if not designed to emulate cash, could give the federal government not only significant transaction-level dat . . .