Ted Cruz Proposes Bill to Ban Federal Reserve's Digital Currency Issuance

According to BlockBeats, U.S. Senator Ted Cruz has introduced a bill aimed at prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC). This legislative move by the Republican senator from Texas is seen as a companion to a similar anti-CBDC bill reintroduced by Republican Representative Tom Emmer from Minnesota on March 6. Companion bills are legislative proposals that are similar or identical in text and are introduced in the other chamber of Congress.