it is a proposed U.S. law aiming to ban central bank digital currencies (CBDCs). Supporters believe CBDCs could give the government too much control over people’s money and invade privacy. In the crypto market, this act is seen as positive for decentralized cryptocurrencies like Bitcoin and Ethereum. It supports the idea that financial freedom should stay in the hands of the people, not the government. If passed, it could boost investor confidence in traditional crypto and meme coins, as it signals less government control over digital currencies. This may lead to growth in the broader crypto space.
