CBDC Ban Resistance Raises a Bigger Question Reports that Senate leadership is unwilling to support a ban on central bank digital currencies (CBDCs) should concern anyone paying attention to the direction of financial policy. On the surface, it looks like political disagreement. But step back, and a more important question emerges: If there’s no intention to implement a CBDC, why refuse to block it outright? In Washington, what isn’t prohibited today often becomes policy tomorrow—especially during times of crisis. The Rise of a “Shadow CBDC” System Here’s where the conversation becomes more urgent—and far less discussed. Even without an official rollout, the United States is rapidly building a shadow CBDC system that mirrors many of the same capabilities as a…

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