No CBDC Act
Feb 6, 2025
Very Pro Crypto
This bill, known as the "No CBDC Act," amends the Federal Reserve Act to explicitly prohibit Federal Reserve banks, the Board of Governors, the Secretary of the Treasury, or any other related agency from minting or issuing a central bank digital currency (CBDC). The prohibition extends to issuing CBDCs directly to individuals, through custodial intermediaries, or offering related services. Furthermore, it bars Federal Reserve banks from holding any United States government-issued digital currencies as assets or liabilities on their balance sheets.
Current Status
This bill is currently in the legislative process and has not yet been passed into law.Analysis
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Votes
For
Against
Total
0
0
(D)
0
0
(R)
0
0
Sponsor
A
Mike Lee(R) Senator
Cosponsors (2)
A
Rick Scott(R) Senator
A
Ted Cruz(R) Senator
Voted For (0)
No votesVoted Against (0)
No votes