by Didi Rankovic, Reclaim The Net:

Republican senators band together on a new bill to ban centrally controlled currencies.

We’re checking in on the progress of the push to introduce the central bank digital currency (CBDC) in the US – and the latest is that a number of senators oppose President Biden’s plans on this front.

CBDCs are controversial for a number of issues, not least because of centralizing (and thus better controlling) financial activities and therefore privacy of regular citizens, but also potentially stomping out political critics by depriving them of access to their funds.