"For far too long, federal regulators have focused on advancing the agenda of the far left at the expense of their core mission," said Senator Vance. "This legislation aims to correct that imbalance by ensuring the banking system is governed by ethical and apolitical oversight."
The tests, which took place over 12 weeks with some of the world's leading banks, including Citigroup Inc. and Wells Fargo & Co., sought to evaluate the potential of digital currencies to enhance both domestic and international payment systems.
"By tracking every financial transaction, they will have access to every detail of our spending, the recipient of our money, and how we allocate our resources. In essence, it replicates George Orwell’s dystopian society depicted in 1984," critics have argued.
New revelations continue to emerge in the unfolding saga of Jeffrey Epstein, the late financier and convicted sex offender, with his logs revealing frequent interactions with high-profile individuals from various sectors, including finance, politics, business, entertainment, and academia, highlighting the breadth of Epstein's influence and connections.
Speaker of the House Kevin McCarthy (R-CA) announced an “agreement in principle” with Joe Biden on a deal to raise the federal debt ceiling Saturday night.
