Senators Draft Bill to Ban Use of Digital Yuan in US-Based Mobile Apps
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Three Republican senators have introduced a bill seeking to prohibit app stores from hosting apps that enable transactions in China’s digital yuan Senators Tom Cotton, Mike Braun, and Marco Rubio…
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Several U.S. lawmakers have introduced a bill to prohibit app platforms in the country from hosting apps that enable transactions using China’s central bank digital currency, the digital yuan. “The... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to…
Nine U.S. senators are backing a bill that aims to crack down on China’s central bank digital currency (CBDC), the e-CNY or digital yuan, which they claim could allow Russia to bypass financial... [[ This is a content summary only. Visit my website for full links, other content, and more!…
In a significant move, Senate Republicans, led by Sen. Ted Cruz, have intensified efforts to curb the Federal Reserve’s ability to launch a central bank digital currency (CBDC), marking a pivotal issue for the 2024 presidential race. Sen. Ted Cruz, alongside GOP senators Bill Hagerty, Rick Scott, Ted Budd, Mike…