Warren Davidson Plans Bill to Treat CBDC as Counterfeit Money Before 2030 Ban Expires
Updated
Updated · Fox News · Oct 8
Warren Davidson Plans Bill to Treat CBDC as Counterfeit Money Before 2030 Ban Expires
1 articles · Updated · Fox News · Oct 8
Summary
Rep. Warren Davidson said he will introduce legislation to classify any US central bank digital currency as counterfeit money, aiming to block adoption permanently rather than rely on a temporary restriction.
That push targets a CBDC ban in the 21st Century ROAD to Housing Act that expires on Dec. 31, 2030, leaving open the possibility of a future launch unless Congress acts again.
Davidson called CBDC "communist money for the digital age" and argued programmable money could let the government freeze funds or vary prices — citing a $10-per-gallon charge for one driver versus $2 for another.
The Ohio Republican tied the proposal to a broader monetary agenda, saying the Fed should at least be audited and arguing any $5,000 payment to US adults would need offsetting spending cuts to avoid fueling inflation.