 Ted Cruz puts out a new bill to block central bank digital currencies. More important ever to stop this happening. So here's what's happening. Cruz introduced the bill to block the United States Federal Reserve from launching a direct to consumer CBDCs in a March 21st statement. Cruz introduced the bill to prevent the Fed from developing CBDC, which could be used as a financial surveillance tool by the federal government. CBDCs that failed to adhere to these three basic principles could enable an entity like the Federal Reserve to mobilize itself into a retail bank, collecting personally identifiable information on users and track their transactions indefinitely. Cruz and the federal government has no authority to establish CBDCs. We should be empowering entrepreneurs, enabling innovation and increasing individual freedom, not stifling it.