House Approves Bill to Safeguard Financial Freedom in Crypto World

The U.S. House of Representatives has approved a landmark bill that could significantly impact the future of digital finance by prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC). The Anti-CBDC Surveillance State Act, which passed with bipartisan support, aims to protect user privacy and restrict government control over personal finances in a rapidly evolving financial landscape. 27 members voted in favor while 22 opposed this significant step in shaping regulations for digital currencies.