Rep. Alex Mooney Aims to Block Fed's Digital Currency Scheme

9:20 AM

First published by Money Metals Exchange here: https://www.moneymetals.com/news/2023/06/06/rep-alex-mooney-aims-to-block-feds-digital-currency-scheme-002755

In recent days, sound money champion Congressman Alex Mooney (R-WV) introduced H.R. 3712, the Digital Dollar Pilot Prevention Act – legislation that would block the Fed from unilaterally pursuing any form of central bank digital currency (CBDC) scheme. "Congress cannot give an inch when it comes to CBDCs. CBDCs would threaten the liberties of law-abiding Americans and are being used by authoritarian countries right now to crack down on dissent," said Rep. Mooney.

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