'Simply put, the bill that we dropped is a statutory prohibition on a potential surveillance tool that I believe will kill private sector innovation and deflate the dollar's dominance,' RepTomEmmer says. Watch the interview:
Congressman Tom Emmer shares insights into his new bill aimed at prohibiting the Federal Reserve from issuing a CBDC directly to individuals.
This comes after the Fed has just released a white paper on the digital dollar. “Simply put, the bill that we dropped is a statutory prohibition on a potential surveillance tool that I believe will kill private sector innovation and deflate the dollar’s dominance,” Emmer said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed Says Digital Dollar Could ‘Fundamentally Change’ The U.S. Financial System—But It’s Not Ready To Issue One YetThe report—teased by Fed officials for nearly a year—says it won't issue a CBDC without 'clear support' from Biden and Congress.
Read more »
Federal Reserve publishes long-awaited central bank digital currency reportThe US Fed's long-awaited report on central bank digital currencies dropped Thursday afternoon.
Read more »
Key Highlights from Fed's Report on Digital Dollar.federalreserve has released its much-anticipated report on the digital dollar
Read more »
Australian Dollar Forecast: AUD/USD Awaits Fed RiskYet another choppy week for the Australian Dollar and further emphasising the tug and pull of several narratives that G10 FX has been caught up in. Get your market update from JMcQueenFX here:
Read more »
He got punished in Varsity Blues. He says the real scandal is how the system got off.'I was no rogue actor.' Former Texas men's tennis coach Michael Center admits he helped a kid fake his way into school and took a bag of cash. But he tells jon_wertheim that plenty of others in Austin knew exactly what was going on:
Read more »
New Fed paper hints that a US CBDC could compete with ‘private digital money’The Federal Reserve dropped a new central bank digital currency white paper on Thursday. While largely avoiding the topic of crypto, it suggests that a US CBDC could compete with 'private digital money.'
Read more »