Imagine a new kind of money, like digital cash controlled by the government! It's called a Central Bank Digital Currency (CBDC). Recently, there's been a big debate in the US about whether to create one. Some people worry it could change banking as we know it.
- Credit unions are worried a CBDC might take away their customers.
- Some think a CBDC could make transactions faster and safer.
- Others worry about privacy if the government controls all the digital money.
| Fact | Details |
|---|---|
| House Vote | 216-192 in favor of a bill to stop a CBDC |
| Bill Status | Failed to pass the Senate |
| Potential Benefits | Faster transactions, better security |
