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House Votes to Block Creation of Digital Dollar

Washington, D.C., USA
April 21, 2025 Neutral I want money/finance advice
House Votes to Block Creation of Digital Dollar

The U.S. House passed a bill today banning the Federal Reserve from issuing a government-backed digital dollar. Supporters say it protects financial privacy, while critics argue it could hold the U.S. back in digital innovation.

What this means for you:
Keeps your banking tied to private financial apps and services.
Slows down government development of crypto-like tools.
Raises long-term questions about money privacy and tech regulation.

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