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

Eradicating Consideration of Race in Technology, AI Innovation,...

December 12, 2024

The First Step Act Applies to Resentenced Defendants

May 6, 2024

President Biden’s Proposed Budget

March 11, 2024

Primary Reform: Why Top Four / Top Five?

November 4, 2024

Resist the Allure of Laffer Curve Logic

November 21, 2023

A College Endowment Tax Is the Wrong Federal...

May 20, 2025

Parsing the Factual Errors in the Montana Climate...

August 21, 2023

Reforming Medicaid DSH Payments

December 14, 2023

AI Isolationism’s Risks: The Unintended Consequences of Banning...

March 21, 2025

Why It Is So Hard to Become an...

July 5, 2024

    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

    • FAST distribution and IA

      June 7, 2025
    • Why Independent Digital Platforms Are Gaining Ground Among UK Entrepreneurs

      June 7, 2025
    • Is Decentralisation the Future of Online Services in the UK?

      June 7, 2025
    • 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

    Categories

    • Business (8,152)
    • 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