U.S. Passes Anti-CBDC Bill
May 24, 2024
On May 23, the United States House of Representatives passed a bill amending the Federal Reserve Act of 1913, prohibiting Federal Reserve banks from directly offering certain products or services to individuals, and banning the use of central bank digital currency (CBDC) for monetary policy and other purposes. For the law to take effect, it still requires a vote in the Senate.
