28 U.S. lawmakers jointly call for a permanent ban on the issuance of central bank digital currency

According to Cointelegraph, U.S. Congressman Michael Cloud, along with 28 other lawmakers, has sent a letter to congressional leadership requesting a permanent ban on the issuance of a central bank digital currency (CBDC) in the United States.

The lawmakers believe that the current bill, which only proposes a temporary measure to prohibit the Federal Reserve from issuing a CBDC until 2031, is insufficient. They warn that a CBDC could lead to financial surveillance, grant excessive power to the Federal Reserve, and threaten citizens' freedoms. They call for the restoration of stricter permanent ban provisions previously proposed in the "Anti-CBDC Surveillance State Act."

Any ban on the issuance of a U.S. central bank digital currency must be "permanent," and they warn that issuing a U.S. central bank digital currency is "essentially anti-American."