"By prohibiting all CBDCs, the bill threatens the very primacy of the U.S. dollar and the power that affords our nation. Today, the U.S. dollar is the global reserve currency, with more than half of all international trade done in dollars"

House votes to block Federal Reserve from creating own digital currency

By News on the Net -- Fox Business——Bio and Archives--May 23, 2024

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The House of Representatives on Thursday voted along bipartisan lines to advance legislation blocking the Federal Reserve from creating its own central bank digital currency (CBDC).

Three Democrats joined all Republicans in voting for the bill — moderate Reps. Jared Golden, D-Maine., Mary Peltola, D-Alaska, and Marie Gluesenkamp Perez, D-Wash. ---More...

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