The U.S. House Financial Services Committee is moving forward with legislation aimed at preventing the issuance of a central bank digital currency.
The United States House Financial Services Committee is moving forward with legislation aimed at preventing the issuance of a central bank digital currency.to an announcement from chairman Patrick McHenry, the Committee will mark up two bills about a potential digital dollar on Sep. 20. Markups are sessions in which lawmakers discuss the details of a bill. It is a crucial step before a legislation moves to the House floor.
One of the bills is the Digital Dollar Pilot Prevention Act, or H.R. 3712, that prohibits the Federal Reserve from initiating pilot programs to test CBDCs without approval from Congress. The legislation was
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