House passes bill barring Fed from issuing CDBC
The House voted 216-192 to pass the America’s Credit Unions-supported CBDC Anti-Surveillance State Act (H.R. 5403). The bill—which has a Senate companion—would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC). America’s Credit Unions President/CEO Jim Nussle wrote to House leaders Tuesday in strong support of the bill. “Credit unions pride themselves …