Less than 20 percent of Americans support a CBDC in a recent poll. Congress needs to do much more to stop CBDCs and safeguard monetary freedom. It also needs to pass legislation preventing the Fed from committing to any “pilot” or other programs involving the development of a CBDC. It needs to stop the SEC’s “regulation by enforcement” that deems privately issued cryptocurrencies “securities,” even though they are vastly different from stocks and bonds. But the legislation expected to be voted on is a good first step and a strong signal of rejection of CBDCs for the US and the world.

Source: Forbes September 20, 2023 03:57 UTC