I have read about the law that the federal government wants to implement regarding CBDC, if I understand and think again about the bill for digital currency CBDC, it was planned several years ago, but the federal government has never succeeded in adopting CBDC internationally as a digital currency that is legally used by the world, they only talk and design changes to laws.
nothing more, they are good at making laws, but not as smart as Satoshi Nakamoto.What I quote below is the main goal of the federal government,
note: it is a plan/goal, but it has not been implemented.
"By expressly excluding cryptocurrencies as money, it would become more difficult to use cryptocurrency,”
Most likely the above plan will not work.
Logic reasons.CBDC is supervised and controlled by the federal government, while crypto is not supervised and controlled by the government, you know today's society is smart and great, they don't want to be monitored and controlled, people want to be free to invest, trade etc., so crypto remains, the government's bill plan will fail.
Noem: already said: he is the mastermind behind it all.
opens the door to the risk that the federal government could more easily adopt a CBDC, which then may become the only viable digital currency.
The above quote is only one real goal for the federal government, 'total control' wants to fool the people and the government wants to win alone.
At the end of the story, this is what will happen.
"It would be imprudent to create regulations governing something that does not yet exist.”
All in vain, it never works.