“Except as specifically authorized under this Act, a Federal reserve bank may not offer products or services directly to an individual, maintain an account on behalf of an individual, or issue a central bank digital currency directly to an individual….”
An exception? Wonder what that exception is?
On March 9, 2022, President Joe Biden signed an executive order that, among other actions, instructed the federal government and the Federal Reserve to explore the creation of a U.S. CBDC, and to draft a “legislative proposal” for Congress to enact.
Furthermore, on September 16, 2022, the Treasury Department officially recommended that the U.S. federal government explore the creation of a digital currency — another major step toward such a radical action. The Treasury Department and the Federal Reserve would likely work together to create this tyrannical digital currency.