The U.S. House of Representatives is set to vote on a bill that would permanently ban the issuance of a central bank digital currency (CBDC) by the Federal Reserve. This move follows a bipartisan effort to prevent what lawmakers describe as a "backdoor" path to a federally issued digital currency. The House bill aims to eliminate any potential for a CBDC, contrasting with the Senate's version, which includes a temporary ban until 2030.
If the House approves the amended bill, it will return to the Senate for further consideration. The legislative push reflects broader concerns about privacy, surveillance, and central control over monetary policy. Representative Warren Davidson has been a vocal advocate for the permanent ban, arguing against a staged rollout or sunset framework. Meanwhile, alternative proposals like the Anti-CBDC Surveillance State Act and the No CBDC Act highlight ongoing debates over privacy and the future of digital currencies in the U.S.
U.S. House to Vote on Permanent Ban of Federal Reserve-Issued CBDC
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