Anti-CBDC Surveillance State Act
Sponsored By: Senator Sen. Cruz, Ted [R-TX]
Introduced
Summary
Bans the Federal Reserve from issuing a central bank digital currency (CBDC). The bill would stop Federal Reserve banks from offering accounts or services to individuals and would block the Fed from creating, testing, or using a CBDC or any substantially similar digital asset. It defines CBDC as a digital form of money that is a direct liability of the Federal Reserve and widely available to the public.
Show full summary
- Families and individuals: Prevents the Fed from holding accounts for people or issuing a government digital dollar aimed at the general public, which the bill frames as protecting privacy and the current cash model.
- Banks and intermediaries: Bars the Fed from indirectly issuing a CBDC through a bank or other intermediary, leaving customer-facing accounts and services with private institutions.
- Federal Reserve operations: Prohibits the Board of Governors and the Federal Open Market Committee from researching, testing, developing, or using a CBDC for monetary policy.
- Digital currency developers: Explicitly preserves the ability to create a dollar-denominated currency that is open, permissionless, private, and maintains privacy protections similar to coins and cash.
The bill also states the sense of Congress that the Fed does not have authority to issue a CBDC unless Congress grants that authority under Article I, section 8 of the Constitution.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Ban on Federal Reserve digital dollar
This bill would ban the Federal Reserve from testing, creating, or issuing a U.S. central bank digital currency (CBDC). It would bar Fed banks from holding accounts for individuals or offering services directly or through intermediaries. The bill would define CBDC as dollar-denominated digital money that is the Fed's direct liability and widely available. It would also say the ban does not apply to private, open, permissionless digital dollars that preserve cash-like privacy. The bill would state Congress's view that the Fed lacks authority to issue a CBDC unless Congress gives that power.
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Sponsors & CoSponsors
Sponsor
Sen. Cruz, Ted [R-TX]
TX • R
Cosponsors
Sen. Budd, Ted [R-NC]
NC • R
Sponsored 3/25/2025
Kevin Cramer
ND • R
Sponsored 3/25/2025
Sen. Tillis, Thomas [R-NC]
NC • R
Sponsored 3/25/2025
Sen. Moreno, Bernie [R-OH]
OH • R
Sponsored 4/3/2025
Cynthia Lummis
WY • R
Sponsored 7/16/2025
Sen. Husted, Jon [R-OH]
OH • R
Sponsored 1/8/2026
Bill Hagerty
TN • R
Sponsored 2/9/2026
Roll Call Votes
No roll call votes available for this bill.
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