RE: LeoThread 2025-07-23 23:18
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Does the bill only refer to a CBDC from the Fed or does it also address the Treasury too? Could Treasury issue one under the bill?
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The Anti-CBDC Surveillance State Act mainly targets the Fed, blocking them from issuing a CBDC without Congress's approval. It doesn't directly address the Treasury, so they might still have some leeway under current law.
What is the different between the Fed and Treasury?
The Fed is the central bank managing monetary policy and money supply, while the Treasury handles federal finances, debt, and fiscal policy. Basically, Fed controls interest rates; Treasury manages government funds and borrowing.