An investment bank TD Cowen research report indicates that the U.S. Congress is highly likely to pass legislation permanently banning the Federal Reserve from issuing retail Central Bank Digital Currencies (CBDC). Analysts believe that with the Trump administration's rise and the Republican Party's control of Congress, anti-CBDC measures have become a core part of the Republican policy agenda, aimed at protecting the commercial banking system and maintaining financial privacy. The report predicts that related bills (such as the "CBDC Anti-Surveillance State Act") are expected to be passed by both houses and signed by the president in the near future, thereby legally blocking the Federal Reserve from directly issuing digital dollars to individuals. (TheBlock)