House Bans Digital Currency "Terrifying!" Says Rep. Greene

The House of Representatives has passed a ban on Central Bank Digital Currencies (CBDCs) with a vote of 216-162. Rep. Marjorie Taylor Greene voiced strong support for the ban, stating, "The idea of a Central Bank Digital Currency is terrifying! That’s why I’m supporting the CBDC Anti Surveillance State Act to BAN CBDCs."

CBDCs are digital versions of a country's currency issued and regulated by the central bank. While they promise increased efficiency and reduced transaction costs, critics argue they could lead to enhanced government surveillance over financial transactions, potentially infringing on privacy rights.

This legislative move reflects growing concerns over the implications of digital currencies controlled by central banks. Stay informed on this significant development by liking, commenting, and subscribing.