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TechFlow news, February 9 — According to Bitcoin.com News, U.S. Senator Mike Lee has reintroduced the "No CBDC Act," a bill aimed at permanently blocking a Federal Reserve-backed central bank digital currency (CBDC). The legislation is co-sponsored by Senators Ted Cruz and Rick Scott.
U.S. Senator Mike Lee has reintroduced the No CBDC Act, a bill aimed at permanently blocking a Federal Reserve-backed digital currency. The legislation, co-sponsored by Senators Ted Cruz and Rick Scott, follows President Trump's executive order banning CBDCs. The bill would ensure that the Federal Reserve cannot issue, hold, or use a CBDC in any way.
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