{"id":152628,"date":"2025-03-07T10:00:17","date_gmt":"2025-03-07T08:00:17","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=152628"},"modified":"2025-03-07T01:41:26","modified_gmt":"2025-03-06T23:41:26","slug":"new-bill-aims-to-disband-the-federal-reserve-citing-economic-instability","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/new-bill-aims-to-disband-the-federal-reserve-citing-economic-instability\/","title":{"rendered":"New Bill Aims to Disband the Federal Reserve, Citing Economic Instability"},"content":{"rendered":"<p>His proposal, H.R. 1846, aims to dismantle the Fed\u2019s central banking system, including its Board of Governors and regional branches, ending a century of centralized monetary control.<\/p>\n<p>Massie argues that the Fed\u2019s actions, especially during the COVID-19 crisis, led to the devaluation of the dollar and inflation, burdening Americans.<\/p>\n<p>Senator Mike Lee has introduced a similar bill in the Senate, seeking to curb the Fed\u2019s economic influence. Meanwhile, Massie is pushing for a full audit of the Fed\u2019s activities with his \u201cAudit the Fed\u201d bill, which has support from libertarians, conservatives, and crypto advocates who criticize the Fed\u2019s lack of transparency.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/mt-gox-moves-12000-btc-amid-ongoing-repayment-uncertainty\/\" title=\"Mt. Gox Moves 12,000 BTC Amid Ongoing Repayment Uncertainty\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Mt.-Gox-close-to-repaying-its-creditors-Why-its-not-good-for-Bitcoin-1024x682-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Mt. Gox Moves 12,000 BTC Amid Ongoing Repayment Uncertainty<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The Fed is also dealing with internal changes, including the resignation of its Vice Chair, Michael Barr, further fueling concerns over its leadership. Trump, a vocal critic, is seeking to limit the Fed\u2019s power, transferring authority to other agencies.<\/p>\n<p>Elon Musk has also criticized the Fed\u2019s size and inefficiency, with his Department of Government Efficiency pushing for a review of its operations. With reform efforts gaining traction, the future of the Federal Reserve is uncertain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Congressman Thomas Massie has reintroduced a bill to abolish the Federal Reserve, blaming it for inflation and economic instability.<\/p>\n","protected":false},"author":9,"featured_media":23022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-152628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Bill Aims to Disband the Federal Reserve, Citing Economic Instability<\/title>\n<meta name=\"description\" content=\"Congressman Thomas Massie has reintroduced a bill to abolish 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