By Sunshine Sentinel Report |
Mar 5, 2024
On February 26, 2024, Senator Rick Scott joined Senator Ted Cruz and their colleagues, Senators Bill Hagerty, Ted Budd and Mike Braun, in filing legislation to halt efforts by the Biden administration to issue a central bank digital currency (CBDC). A CBDC is government-controlled programmable money that, if not designed to emulate cash, could give the federal government not only significant transaction-level data down to the individual user, but also the ability to program the CBDC to choke out politically unpopular activity.