House, Senate bills introduced to bar Fed from issuing CBDC
A central bank digital currency (CBDC) could negatively impact credit unions and pose broader financial security risks, America’s Credit Unions President/CEO Jim Nussle wrote House Majority Whip Tom Emmer, R-Minn., and Sen. Ted Cruz, R-Texas, who introduced legislation (S.3801/H.R. 5403) that would bar the Federal Reserve from issuing a CBDC. “If the Federal Reserve were …
House, Senate bills introduced to bar Fed from issuing CBDC Read More »