{"id":79122,"date":"2023-05-22T16:30:11","date_gmt":"2023-05-22T13:30:11","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=79122"},"modified":"2025-09-11T09:12:20","modified_gmt":"2025-09-11T06:12:20","slug":"bipartisan-us-bill-introduced-to-ban-cbdc","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bipartisan-us-bill-introduced-to-ban-cbdc\/","title":{"rendered":"Bipartisan US bill introduced to ban CBDC"},"content":{"rendered":"<p>Legislators in the United States have drafted a bill that would prohibit the Federal Reserve from issuing a central bank digital currency (<a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-central-bank-digital-currency-cbdc\">CBDC<\/a>).<\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/TjVvFhHkfp4\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p>The authors of the document are Republican French Hill of Arkansas and Democrat Jake Auchincloss from Massachusetts. \u201cThe Coinage Power Act\u201d became the first bipartisan initiative to ban the digital dollar.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Americans have the right to financial privacy. That is why I am proud to stand with the gentleman from Massachusetts in defending civil liberties and the role of the dollar as the world\u2019s reserve currency, and in preventing government surveillance of ordinary citizens,&#8221; Hill said.<\/p>\n<\/blockquote>\n<p>The politician added that the bill does not reflect the interests of any party and is intended to shield the United States from \u201cabuse by the government.\u201d<\/p>\n<p>In May, Texas <a href=\"https:\/\/u1f987.com\/en\/news\/texas-lawmakers-push-to-ban-cbdc\">introduced<\/a> a similar bill prohibiting the use of the digital dollar within the state.<\/p>\n<p>Meanwhile in Florida, a CBDC bill has already been enacted, signed by Governor Ron DeSantis. In his view, the law \u201cwill shield residents from the administration of President Joe Biden, who wants to turn the financial sector into a weapon.\u201d<\/p>\n<p>Earlier in April, Robert F. Kennedy Jr., nephew of the 35th U.S. president John F. Kennedy, also <a href=\"https:\/\/u1f987.com\/en\/news\/john-f-kennedys-nephew-criticises-cbdc-and-speaks-in-defence-of-bitcoin\">spoke out against<\/a> CBDC. He called such assets \u201cthe ultimate mechanism of social monitoring and control.\u201d<\/p>\n<p>Later, the author of the bestseller \u201cRich Dad Poor Dad\u201d and entrepreneur Robert Kiyosaki <a href=\"https:\/\/u1f987.com\/en\/news\/robert-kiyosaki-criticises-the-idea-of-a-digital-dollar\">compared<\/a> the central bank\u2019s digital currency to the character in George Orwell\u2019s novel \u201c1984\u201d and urged investing in the first cryptocurrency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lawmakers in the United States have drafted a bill that would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC).<\/p>\n","protected":false},"author":1,"featured_media":79123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,26],"class_list":["post-79122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=79122"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79122\/revisions"}],"predecessor-version":[{"id":79124,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79122\/revisions\/79124"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/79123"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=79122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=79122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=79122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}