If you’re a fan of the U.S. dollar, you can keep it from turning into a surveillance tool of the federal government—at least according to a new bill introduced in the Senate.
A few days ago, Sen. Ted Cruz, R-Texas, along with four other senators, reintroduced the CBDC Anti-Surveillance State Act. The bill would ban a dystopian tool called central bank digital currency, or CBDC.
The bill improves on past CBDC bans by also banning so-called “intermediated” CBDCs, where the Federal Reserve uses commercial banks as intermediaries, effectively outsourcing the surveillance state by putting a glove on the fist.
In case you’re unfamiliar with a CBDC, it’s a blockchain-based digital currency that would replace the U.S. dollar with a centralized database of who owns what. That makes it easy for federal agents to see every dollar you spend, every dollar you own,…
