Part 9/10:
The bill currently stands as a proposal, and its future passage depends on legislative processes and political support. Stakeholders worldwide will be watching—both advocates for innovation and those concerned with safeguarding individual rights—to see how the U.S. navigates the potential of CBDCs.
Conclusion
The introduction of this bill marks a significant step in the ongoing discourse around Central Bank Digital Currencies in the United States. By explicitly prohibiting the Federal Reserve from issuing retail CBDC and intervening in monetary policy with digital currency, lawmakers aim to protect core American values of privacy and financial sovereignty.