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U.S. House of Representatives has proposed an amendment seeking to include a blanket ban on CBDCs in the National Defense Bill
U.S. Rep. Keith Self (R-Texas) introduced amendments to the National Defense Authorization Act (NDAA) on Tuesday, which aims to prohibit the Federal Reserve from testing, developing, or issuing central bank digital currencies (CBDCs). Whether the amendment can be submitted to a full vote will be decided by the House Rules Committee, which has become a focal point of recent U.S. crypto regulation and digital currency policy.
Self said House Republican leaders had previously promised to include anti-CBDC provisions in the NDAA, but were ultimately completely missing from the 3,086-page text of the bill released on Sunday. "My amendment will amend the bill," he wrote on social media, criticizing the leadership for "failing on promises."