Republicans fight back against central bank digital currencies | Blaze Media (theblaze.com)"On May 23, 2024, the Republican-controlled U.S. House of Representatives struck a major blow to the implementation of central bank digital currencies, passing the CBDC Anti-Surveillance State Act (H.R. 5403), which prohibits the Federal Reserve from:
- Directly issuing a CBDC without explicit approval from Congress;
- Using a CBDC to set monetary policy;
- Maintaining financial accounts for individuals (something failed Biden nominee Saule Omarova had proposed).
FULL STORY at above link.