Imagine digital money controlled by the government. That's a central bank digital currency (CBDC). A US lawmaker wants to stop the US government from making one! He worries about privacy.
- A new law wants to block US banks from creating a digital dollar.
- The lawmaker says this protects our financial privacy.
- The President already issued an order against it.
- Many other countries are still looking into digital money.
| Fact | Details |
|---|---|
| Number of Republican Supporters | About 100 |
| President's Stance | Against CBDCs |
| Bill Status | Reintroduced to Congress |
