US lawmakers advance legislation blocking the digital dollar
The United States House Financial Services Committee is moving forward with legislation aimed at preventing the issuance of a central bank digital currency.
According to an announcement from chairman Patrick McHenry, the Committee will mark up two bills about a potential digital dollar on Sep. 20. Markups are sessions in which lawmakers discuss the details of a bill. It is a crucial step before a legislation moves to the House floor.
One of the bills is the Digital Dollar Pilot Prevention…