U.S. lawmaker Alex Mooney has introduced a new bill, the Digital Dollar Pilot Prevention Act, which aims to ban the government from launching a pilot program to test central bank digital currency (CBDC) operability in the country.
The lawmaker’s website stated that the bill was explicitly developed to close the pilot program loophole. This means that the Federal Reserve would require authorization from Congress to implement a CBDC pilot program.
“This bill would prohibit the Federal Reserve from establishing, carrying out, or approving a program intended to test the practicability of issuing a CBDC.”
Congressman Mooney corroborated the sentiment, adding that CBDCs would threaten the liberties of law-abiding Americans and are used by authoritarian countries to crack down on dissenting voices.
Meanwhile, the bill has garnered support from 14 other Republican House members and several pro-crypto organizations like the Americans for Tax Reform and American Blockchain Initiative.
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