Democratic Senator Ted Cruz has proposed a bill to block the Federal Reserve from releasing central bank digital currency that is "directly facing customers."

Cruz said in a statement on March 21 that the bill was proposed to prevent the Fed from meeting the trend of retail CBDC, which could be used by the US federal government as a special tool for financial supervision.

Cruz shows that it is more important than ever to ensure that the current policy of digital money in the United States maintains personal privacy in the financial sector, maintains the dominance of the dollar and fosters innovation, he added:

"CBDC, which fails to follow these three basic principles, may allow the physical line of Fed meetings to encourage itself to become a retail bank, collect a customer's personal information and permanently track his transactions."

Cruz said the US federal government "does not have the right to unilaterally create" CBDC.

"We want to empower entrepreneurs, promote independent innovation and promote individual rights, not obliterate it," he points out.

The Cruz anti-CBDC bill was applied by Senator George Braun, Democrat of Indiana, and Senator Chuck Grassley of Iowa.

In the announcement, both men expressed their belief that CBDC would be used as a monitoring tool.

Grassley made it clear that if the bill becomes a law and regulation, it will ensure that it is not easy for our country to "spy" on the business of diligent Americans:

"ordinary Americans should be able to pay whatever they want without having to worry that every transaction can be tracked by the government."

The bill to boycott CBDC is the second attempt by Cruz, Braun and Grassley, who introduced a similar bill on March 30th, 2022, banning the distribution of CBDC to me at Fed meetings.

However, nearly 12 months later, the bill still did not pass a detailed introduction.

In addition, the US dollar CBDC has made great progress since US President Joe Ban Ki-moon signed the administrative regulations entitled "ensuring responsible Digital currency Trends" in March 2022.

In November, the Federal Reserve Bank of New York and several large and medium-sized financial investment companies, including Bank of New York Mellon, Citibank, HSBC and Wells Fargo, joined MasterCard and SWIFT in a 12-week digital dollar demonstration program.

Cruz, Braun and Grassley are not the only American politicians fighting to resolve the CBDC.

On March 20th California Mayor Ron de Santis called on state lawmakers to ban digital dollars under California law.

De Santis compared the digital dollar to China's digital rmb and claimed that the electronic device rmb had been widely used to "regulate the personal behavior of Chinese citizens". He said:

"No matter how and in what way they enter society to fulfill his agenda, they will do the same. Therefore, the central bank's digital currency is to monitor Americans and manipulate their perceptions.

American Congressman Tom Emmer recently introduced his own anti-CBDC bill on February 22nd.

Emmer also referred to privacy leaks surrounding CBDC, saying that codified dollar bills could be "very easily weaponized" as a tool for agents to "obliterate unpopular theme activities in politics."

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