U.S. Lawmaker Pushes CBDC Ban Into NDAA After ‘Broken Promises’ Claim
The post U.S. Lawmaker Pushes CBDC Ban Into NDAA After ‘Broken Promises’ Claim appeared first on Coinpedia Fintech News
A new debate has begun in Washington today after U.S. lawmaker Keith Self revealed that he has formally submitted an amendment to add a ban on Central Bank Digital Currencies (CBDCs) to the National Defense Authorization Act (NDAA).
He now says those promises were not kept, which is why he is taking matters into his own hands. His amendment, he explains, is meant to “fix the bill.”
Rep. Keith Introduces CBDC Ban Amendment Before NDAA VoteOn 9th Dec, Rep. Keith Self revealed that he has formally submitted an amendment titled “Anti-CBDC Surveillance State” to the National Defense Authorization Act (NDAA) that goes beyond just banning a digital dollar.
Self said, It aims to stop the Federal Reserve from creating, testing, or supporting any digital asset that works like a CBDC, even under a different name. However, the proposal also blocks Federal Reserve banks from offering accounts or financial services directly to individuals
Meanwhile, the amendment was filed just as the House Rules Committee prepared to decide whether the bill would move to a full vote.
