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U.S. House Passes Bill Banning Federal Reserve from Issuing a CBDC
- watersb 2y agoCDBC = "Cipher-Block Digital Currency"
- deleted 2y ago[deleted]
- jfengel 2y agoPossibly in some contexts, but in this context it's Central Bank Digital Currency.
- jfengel 2y agoIt's not the House that passed it. It's a committee, which will pass it on to the full House. I'd say there's little likelihood of it becoming law. Congress is soon going to go on break and start campaigning for re-election. It's not impossible, but the remarks linked here suggest that it's grandstanding, so that the Representative can put some strong words in press releases. The speech is full of patriotic-sounding drivel.