A member of the US House of Representatives is introducing bi-partisan legislation that would explicitly prohibit the Federal Government from issuing a Central Bank Digital Currency (CBDC) without approval by Congress. During new House Floor remarks, Rep. Jake Auchincloss (D-MA) says that CBDCs are controversial and should require Congress’ approval prior to any possible issuance The post US Lawmaker Introduces Legislation Prohibiting Fed From Issuing CBDC Without Congressional Approval appeared first on The Daily Hodl .