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U.S. Lawmaker Proposes CBDC Ban in NDAA to Protect Financial Privacy

U.S. Lawmaker Proposes CBDC Ban in NDAA to Protect Financial Privacy

U.S. Representative Keith Self has introduced an amendment to the National Defense Authorization Act (NDAA) aimed at banning Central Bank Digital Currencies (CBDCs). The amendment, titled 'Anti-CBDC Surveillance State,' seeks to prevent the Federal Reserve from creating, testing, or supporting any digital currency that functions like a CBDC. This move comes after promises to include such a ban in the NDAA were reportedly broken. The amendment is designed to protect financial privacy and prevent government overreach, which some lawmakers fear could lead to excessive control over individual financial activities. The House Rules Committee is set to decide whether this amendment will proceed to a full vote, which could lead to a formal debate and potential ban on CBDCs in the U.S.
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Rep. Keith Self Proposes Amendment to Block US CBDC in Defense Bill

Rep. Keith Self Proposes Amendment to Block US CBDC in Defense Bill

Rep. Keith Self (R-Texas) has introduced an amendment to the National Defense Authorization Act (NDAA) aimed at preventing the creation of a U.S. central bank digital currency (CBDC). The amendment, known as the 'Anti-CBDC Surveillance State' amendment, seeks to prohibit the Federal Reserve from developing, testing, or issuing a digital dollar or any similar digital asset. This move comes after GOP leaders reportedly failed to include anti-CBDC language in the defense bill, despite previous promises. The amendment also aims to prevent Federal Reserve banks from offering accounts or financial services directly to individuals, ensuring privacy akin to cash transactions. The broader defense bill, which spans over 3,000 pages, is a critical piece of legislation that Congress must pass annually to authorize Pentagon spending and policy.
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Congressman Keith Self Proposes Amendment to Block US CBDC in Defense Bill

Congressman Keith Self Proposes Amendment to Block US CBDC in Defense Bill

Rep. Keith Self, a Republican from Texas, has introduced an amendment to the $900 billion US Defense Bill aimed at preventing the Federal Reserve from developing or piloting a US central bank digital currency (CBDC). This move comes after promises to include such language in the National Defense Authorization Act (NDAA) were reportedly broken. Self's proposal, titled the 'Anti-CBDC Surveillance State' amendment, seeks to bar the Federal Reserve from testing, developing, or launching any CBDC. The House Rules Committee is set to decide if the amendment will receive a floor vote. President Trump has previously expressed opposition to CBDCs, labeling them a threat to freedom.
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President Trump Promotes Economic Policies Amid Rising Cost of Living Concerns

President Trump Promotes Economic Policies Amid Rising Cost of Living Concerns

President Donald Trump addressed a rally in Pennsylvania, emphasizing his administration's efforts to reduce consumer prices and improve affordability in the U.S. economy. Despite his claims of falling prices, many Americans continue to face high costs for housing, childcare, and healthcare. The rally is part of a series of events aimed at reinforcing Trump's economic message ahead of the midterm elections. While some prices, such as gas and eggs, have decreased, other food items remain expensive. The administration has removed tariffs on several food products and rolled back fuel efficiency standards as part of its strategy to address cost-of-living issues. However, economic data presents a mixed picture, with consumer confidence declining and inflation remaining above the Federal Reserve's target.
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President Trump Addresses Cost of Living Concerns Amid Economic Challenges

President Trump Addresses Cost of Living Concerns Amid Economic Challenges

President Trump recently addressed a rally in Pennsylvania, focusing on the cost of living and economic conditions in the U.S. He claimed that consumer prices are falling, despite ongoing concerns about affordability in areas such as housing, childcare, and healthcare. The President's remarks come as inflation remains above the Federal Reserve's target, although it is lower than the peak under former President Joe Biden. The administration has implemented measures such as removing tariffs on food products and promoting economic policies to address these issues. However, public sentiment remains mixed, with some Americans expressing dissatisfaction with the current economic situation.
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Wall Street flirts with its all-time high after the Fed cuts rates to help the job market

Wall Street flirts with its all-time high after the Fed cuts rates to help the job market

The U.S. stock market is flirting with its all-time high after the Federal Reserve cut its main interest rate to bolster the job market
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US stocks rise after the Fed cuts rates and hopes build for more

US stocks rise after the Fed cuts rates and hopes build for more

The U.S. stock market neared its all-time high after the Federal Reserve cut its main interest rate to bolster the job market, and hopes strengthened for more cuts to come in 2026
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Federal Reserve Anticipated to Cut Interest Rates, Impacting Asian Markets

Federal Reserve Anticipated to Cut Interest Rates, Impacting Asian Markets

Federal Reserve Anticipated to Cut Interest Rates, Impacting Asian Markets
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Federal Reserve Considers Interest Rate Cut Amid Economic Uncertainty

Federal Reserve Considers Interest Rate Cut Amid Economic Uncertainty

Federal Reserve Considers Interest Rate Cut Amid Economic Uncertainty
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Global benchmarks mostly decline as investors anticipate US rate cut

Global benchmarks mostly decline as investors anticipate US rate cut

Global shares are mostly lower, trading in a narrow range ahead of a Federal Reserve meeting that’s expected to result in the third cut to interest rates this year
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Federal Reserve Considers Interest Rate Decision Amid Economic Concerns

Federal Reserve Considers Interest Rate Decision Amid Economic Concerns

President Trump has asserted that the U.S. economy is performing well, despite a significant portion of voters expressing negative views about its current state. This comes as the Federal Reserve is deliberating on whether to adjust interest rates. The decision is complicated by ongoing concerns about inflation and unemployment. The Federal Reserve's choice could either maintain the current rates or lead to a cut, depending on which economic pressures are deemed more pressing. Additionally, the story highlights the struggles of Afghan fighters in the U.S., particularly those who previously collaborated with the CIA, as they face stress and despair following their frontline experiences.
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Wall Street is quiet as it waits for the Federal Reserve's announcement in the afternoon

Wall Street is quiet as it waits for the Federal Reserve's announcement in the afternoon

The U.S. stock market remains largely quiet as Wall Street waits to hear from the Federal Reserve in the afternoon