US lawmaker submits NDAA amendment to ban CBDC

U.S. Representative Keith Self (R-TX) has submitted an amendment to the National Defense Authorization Act (NDAA) that would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC), Decrypt reported. If the amendment passes the House Rules Committee, it will proceed to a full vote on the House floor. The move comes after House Republican leadership initially released a version of the defense spending bill that did not include a provision to ban a CBDC.