The Financial Services Committee of the United States House of Representatives is moving forward with the introduction of legislation aimed at preventing the release of digital currency by the central bank. According to a statement from Chairman Patrick Mchenry, the Commission will mark up two banknotes on potential digital dollars in September. 20. Appropriations are meetings where lawmakers discuss the details of the bill. This is a very important step before any bill enters the ward. One of the bills is the Preventing the Pilot Use of Digital Dollars Act, or H, which prohibits the Federal Reserve from launching pilot programs to test CBDC without Congressional approval. R. it is 3712. The bill was introduced by Representative Alex Mooney in May. The Fed has rejected any decision On the issue of whether the CBDC should be released, claiming that it will only start releasing the CBDC after the relevant law comes into force. However, the San Francisco Federal Reserve System has been trying to fill in the technical gaps for the CBDC project in recent months, noting that the digital dollar remains on hold. # New: President @PatrickMcHenry has announced changes to legislation to strengthen US national security and prevent the release of digital currency by the central bank. Read more https://t.co/oy3oASJYkAThe the second law is an amendment to the Federal Reserve Act, which prohibits the Fed's banks from providing certain products or services directly to an individual, and also prohibits the use of CBDC for monetary policy. other goals. The Federal Reserve Bank will not offer the central bank's digital currency or a digital asset significantly similar to it to an individual under any other name or brand, indirectly through a financial institution or other intermediary. The prospect of the emergence of digital dollars has caused controversy in the United States. Presidential candidates Robert F. Kennedy Jr. and Ron Desantis, they opposed the establishment of CBDC in the country, citing concerns about financial secrecy. CBDC supporters argue that this will help the United States keep dollars up to date around the world and encourage the adoption of cryptocurrencies. Magazine: Is it worth giving orange pills to children? A case for children's books about bitcoins