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Sen. Cruz Introduces Bill to Block Federal Reserve from Issuing Central Bank Digital Currency

Summary by The Gilmer Mirror
WASHINGTON, D.C. – U.S. Sen. Ted Cruz (R-Texas) introduced the Anti-CBDC Surveillance State Act, legislation that prohibits the Federal Reserve from issuing a central bank digital currency (CBDC). Upon introduction, Sen. Cruz said, “Cryptocurrency represents financial freedom, innovation, and privacy. A Central Bank Digital Currency (CBDC) would undermine these core values, erode privacy, and stifle innovation. I am proud to introduce this bill …

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The Gilmer Mirror broke the news in on Wednesday, March 26, 2025.
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