Regulation
US Crypto Regulators Are Moving Against a CBDC and Non-Compliant Stablecoins Like Tether (USDT): JPMorgan
The Digital Central Bank (CBDC) Anti-Surveillance State Act is an attempt to block a US CBDC and prevents Federal Reserve banks from offering certain products to consumers and from using a central bank digital currency for monetary policy, it adds the report. The House approved the bill to forbid the Federal Reserve from issuing a CBDC last month, however, its prospects in the Senate are unclear.