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News Explorer — US Senator Ted Cruz Proposes CBDC Ban Amid Growing Republican Pushback

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Mar 22, 5:53 pm
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US Senator Ted Cruz Proposes CBDC Ban Amid Growing Republican Pushback

Republican Senator Ted Cruz has proposed legislation to block a central bank digital currency (CBDC) from being issued in the United States, citing potential risks to Americans' financial information and the possibility of a surveillance state. Co-sponsored by two other GOP senators, the proposal comes days after a similar one from Florida Governor Ron DeSantis.

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