S. 1124 · 119th Congress
Anti-CBDC Surveillance State Act
- Stage
- In committee
- Sponsor
- Ted Cruz
- Introduced
- 2025-03-25
- Latest action
- 2025-03-25 · Introduced in Senate
Summary
Anti-CBDC Surveillance State Act
This bill prohibits a Federal Reserve bank from offering products or services directly to an individual, maintaining an account on behalf of an individual, or issuing a central bank digital currency (i.e., a digital dollar). Further, the Board of Governors of the Federal Reserve System is prohibited from using a central bank digital currency to implement monetary policy or from testing, studying, creating, or implementing a central bank digital currency, with exceptions as provided by the bill.