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‘🔴 Congress Rejects CBDC: Widespread Opposition’

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CBDC Failed: Congress Is Banning CBDC With Massive Support

Digital currencies have been a hot topic in recent years, with many countries considering the development of their own central bank digital currency (CBDC). However, the latest reports suggest that the United States Congress is moving towards banning CBDCs with overwhelming support. This decision raises questions about the future of digital currencies in the world’s largest economy. Let’s explore the details of this recent development and its potential implications.

Digital Currency Reports

According to the latest digital currency reports, the United States Congress is taking a firm stance against the development of CBDCs. The decision comes as a surprise to many, considering the growing interest in digital currencies and the potential benefits they could bring to the financial system. The reports indicate that the ban on CBDCs has received massive support from both Democrats and Republicans, highlighting a rare bipartisan agreement.

Many experts argue that this decision is driven by the fear of losing control over the financial system. CBDCs have the potential to disrupt traditional banking systems and undermine the authority of central banks. The Congress’s move to ban CBDCs reflects a protective approach towards maintaining stability and control over the monetary system. However, it also raises concerns about the United States falling behind in the global race for digital currency dominance.

FAQs: Congress’s Ban on CBDCs

Q1: What is a CBDC?

A1: A CBDC, or central bank digital currency, is a digital form of a country’s fiat currency issued and regulated by a central bank. It aims to offer the benefits of digital currencies, such as faster transactions, lower fees, and increased financial inclusion while maintaining the stability and control of central banks.

Q2: Why is Congress moving to ban CBDCs?

A2: Congress is concerned about the potential risks and disruption CBDCs might bring to the financial system. It fears losing control over the monetary policy and stability of the economy. The ban is a precautionary measure to protect the existing financial infrastructure.

Q3: What are the potential implications of banning CBDCs?

A3: Banning CBDCs could hinder technological innovation and put the United States at a disadvantage in the global race for digital currency dominance. It may also limit financial inclusion by depriving people of the benefits offered by digital currencies, such as faster, cheaper, and more accessible transactions.

Q4: Could this decision be reconsidered in the future?

A4: While the current momentum suggests a strong desire to ban CBDCs, future reconsideration is always possible. The fast-paced nature of the digital currency landscape and evolving global trends might lead to a change in Congress’s stance in the coming years.

Q5: How might this decision impact other countries’ approach to CBDCs?

A5: Congress’s decision could influence other countries’ decisions on CBDC development. If the United States takes a strong stand against CBDCs, it may discourage other countries from pursuing their digital currency projects. The global impact of this decision remains to be seen.

In conclusion, the recent reports indicating Congress’s move to ban CBDCs with massive support have raised concerns about the future of digital currencies in the United States. While it is clear that Congress aims to protect the stability and control of the financial system, this decision may hinder innovation, financial inclusion, and potentially impact the country’s global position in the digital currency race. The ultimate impact and potential reconsideration of this ban remain uncertain, highlighting the evolving nature of the digital currency landscape.

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23 Comments

  2. Unlucky WEF better luck next time in 10000 yrs?????🤣🤣🤣…ohhh all your leftist implanted governments are on their way out also!!!…nobody wants them!!!…we are now all smart enough to invest in Bitcoin Gold or real estate!!!!…my Daughter will be filthy rich…i will make it so!!!!

  11. And any VIEWER still does not KNOW what the HELL ARE THEY TALKING ABOUT????? Anybody UNDERSTAND THIS FILM CLIP????? BANNING bar b q,s and firecrackers is OLD NEWS!!!! But what the HELL US THIS LADY TALKING ABOUT???? (nice lady by the way!!!)☆☆☆☆

  12. I think CBDC is a stupid idea. I am a senior and a sensate. I don't do online banking. I like getting my checks back. I like filing them and keeping them for 10 years. We are told the internet will go down. I don't mind being the only human with my records intact.
    As I understand it the main reason for it is that Gates likes it because every transaction will have to use his program and he'll make millions. Screw that. It is taking choice away from the consumer. He is rich enough. He can go to a therapist and work on his feeling of covetousness, greed, narcissism, and inadequacy. He has done a lot of harm to humanity. He has plenty of stupid and harmful ideas and he manages to get them approved because people are enamored with his money. The ancient people of Sweden said no to his stupid idea of blocking out the sun. Thank goodness the Sami leaders of a herding people, had the backbone and wisdom to say "No."
    Think of foreigners who have trouble with computers, handicapped people, people who speak another language, seniors who have problems mindreading computer people they have not met. Computer companies Don't do beta testing like they used to do. They don't get feedback. They are very self – satisfied. They shouldn't be. Their products are terrible. Even Best Buy agrees with me and talked of all the negative feedback they get back.
    Gates and Soros and Blackrock and China and Big Pharma and billionaires and the UN and WHO and governments are behind CBDC because they can hide the mess they have made by Imho stealing and mismanaging our money. The amount of money goes down in an account because people are charged for the service and for transactions. WEF pushes it because they want to take over the world and enslave humans forever. They want no middle class, communism for the lower class locked in 15 minute cities by walking, and the 1% of very rich people want to be in the upper tier of stakeholder capitalists and enjoy everything the world has to offer.
    In an emergency when systems go down, people would not be able to buy anything, whereas with cash a person can keep on buying.
    One size seldomly fits all people.

  13. This is all about control the public! Just say NO! To corruption!. Nobody needs to know where and what I’m up to with my money that worked for. They want all the money, they want all the kids!.

  19. Please congress stop this atrocity. Because if it passes say goodbye to privacy don't let WEF have their way here. Motorhead said it best "just cause you have the power don't mean you have the right

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