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⛓️ Crypto🔴 BearishImportance 7/10
CBDC: Senator Pushes For Permanent Ban In Housing Act Amendment
🤖AI Summary
US Senator Ted Cruz is pushing for a permanent ban on central bank digital currencies (CBDCs) through an amendment to the 21st Century ROAD to Housing Act. This represents an escalation from previous short-term prohibition efforts as Cruz continues his campaign against US CBDC development.
Key Takeaways
- →Senator Ted Cruz is advocating for a permanent CBDC ban rather than temporary restrictions.
- →The ban is being proposed as an amendment to housing legislation, showing creative legislative tactics.
- →This continues Cruz's ongoing campaign against US central bank digital currency development.
- →The move represents potential regulatory headwinds for US CBDC initiatives.
- →Legislative efforts against CBDCs are gaining momentum in Congress.
Read Original →via Bitcoinist
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