Sen. Ted Cruz introduces bill to prevent the Fed from establishing a central bank digital currency - TheBlaze

Sen. Ted Cruz introduces bill to prevent the Fed from establishing a central bank digital currency - TheBlaze: 

The study indicated that a CBDC will make the process by which governments freeze someone's financial resources — as Canadian banks did in concert with the Trudeau government in its crackdown efforts on peaceful protesters in 2022 — easier and faster, having established "a direct line between citizens and the government itself."

Policymakers would also be able to set negative interest rates, thereby forcing spending by causing people to lose money.

In addition to a loss of transparency and the ability to force spending, the government would also be put in a position where it could prohibit people from buying certain goods (e.g., alcohol).