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“No Central Bank Digital Currency Act” Introduced

March 28, 2023 | “No Central Bank Digital Currency Act” Introduced | S. 967, The No CBDC Act, was introduced by Utah Senator Mike Lee. The legislation is to prevent the Federal Reserve from shaping the U.S. financial sector and having the ability to monitor consumer transactions.

Senator Lee said, “The United States doesn’t need to create a Central Bank Digital Currency to know it is a bad idea. We’ve seen this play out in China with the digital Yuan. In early trials, China canceled its citizens’ money after a set period, forcing Chinese citizens to spend their savings at the compulsion of the government. My bill protects Americans from a similar intrusion by prohibiting the Federal Reserve or any federal government agency from minting or issuing a CBDC, whether through a direct-to-consumer or intermediated model.

 

Contact your Senators HERE to urge them to Cosponsor and support S.967.

 


 

Link To Bill HERE

Link to one-pager HERE

 


 

Related

 

The Risks of CBDCs | Cato Institute

 

“CBDC Anti-Surveillance State Act” Introduced 

 

Florida Governor Announces Legislation to Ban CBDC 

 

Actions We Can Take to Stop CBDC’s 

 

Take Action to REJECT Digital Enslavement 

 

American States Can Reject the Fed’s Digital Dollar 

 

Credit Unions and Banking Groups Warn of “Devastating Consequences” of a U.S Central Bank Digital Currency 

 

EconomicPolicyJournal.com: WARNING: Central Bank Digital Currency Will Be 100% Trackable Currency