Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Investing

US House Prohibits Fed from Issuing CBDC

by May 23, 2024
May 23, 2024
US House Prohibits Fed from Issuing CBDC

Nicholas Anthony

Over a year ago, Rep. Tom Emmer (R‑MN) introduced a bill intended to prohibit the Federal Reserve from issuing a retail central bank digital currency (CBDC). Today, that bill finally made its way to the House floor where members voted to pass it to the Senate.

Why is Congress voting to restrict the powers of the Federal Reserve? As I explain in my new book, Digital Currency or Digital Control? Decoding CBDC and the Future of Money, CBDCs are not something that should be left to the discretion of unelected officials. Put simply, the costs outweigh the benefits. When it comes to CBDCs, promises of financial inclusion, faster payments, and strengthening the dollar fail to stand up to scrutiny. Yet, the risks to financial privacy, freedom, and markets are all too real.

Around the world, governments are pushing forward to enact greater controls and surveillance with CBDCs. Based on today’s events, it seems the United States is carving a different future. After decades of ever‐​increasing financial surveillance and control, that’s a welcome change of pace.

0
FacebookTwitterGoogle +Pinterest
previous post
Decentralized Networks and Separated Powers: An Historic Moment for Crypto Legislation
next post
Market Looks Toppy

You may also like

The TikTok Case Heads to the Supreme Court

December 18, 2024

Statement on the Supreme Court’s Decision in Murthy...

June 26, 2024

House Freedom Caucus on FISA: Verbal Fireworks

February 13, 2024

Just Say No to NATO Expansion

November 6, 2024

DOGE Recommendations: Social Security

December 19, 2024

Idaho Leads the Nation Toward Expanding Pharmacists’ Scope...

August 14, 2023

Congress Investigates Debanking, Reintroduces (Un)Fair Access

February 11, 2025

I’m Saying Goodbye to the Cato Daily Podcast

April 15, 2025

CFPB Targets Currency Devaluations, Just Not Government-Caused Devaluations

June 3, 2024

Census Bureau Analysis Supports Cato’s MENA Analysis

October 9, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • TSA tells Americans their Costco cards won’t fly at airport security despite love for hot dogs

      June 7, 2025
    • Trump announces China will restart rare earth mineral shipments to US after productive call

      June 7, 2025
    • Musk feud presents ‘unprecedented’ dynamic compared to past Trump disputes: expert

      June 7, 2025
    • Snub of Musk’s NASA nominee ally preceded sudden ‘big, beautiful bill’ criticism, Trump feud

      June 6, 2025
    • Supreme Court rules DOGE can access Social Security information

      June 6, 2025
    • US sanctions money laundering network aiding Iran as regime faces nuclear reprimand at IAEA

      June 6, 2025

    Categories

    • Business (8,149)
    • Investing (2,019)
    • Politics (15,558)
    • Stocks (3,134)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved