Republican Congressman Tom Emmer Introduces Bill to Ban Fed’s CBDC

Emmer is known for its efforts to boost crypto adoption and promote the growth of the industry. He has been in favor of and has also about the way the government handled the arrest of Sam Bankman-Fried. The bill prohibits the Fed from issuing a CBDC directly to anyone, prevents it from using aCBDC to implement monetary policy and control the economy, and sets the frame for more transparency on such projects. He is also known for calling for regulation that encourages innovation and growth.

Source: Felix Mollen, 2023-02-24; https://cryptopotato.com/republican-congressman-tom-emmer-introduces-bill-to-ban-feds-cbdc/

Leave a Reply

Your email address will not be published.