New bill aimed to block CBDC pilot program

On Thursday Mooney introduced a bill aimed to prevent the Fed from launching a pilot program that would test the operability of a CBDC in the U.S.

  • Rep. Alex Mooney of West Virginia joined the growing chorus of Republican lawmakers calling for a block against central bank digital currencies.
  • Déjà vu: The Fed already started a 12-week pilot program last November.

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