Representative Tom Emmer’s Anti-CBDC invoice passed through the House Financial Services Committee
A draft law, designed to stop the US federal reserve to stop the Central Bank digital currency (CBDC), was one step closer to the law this week.
Assembly Financial Services Committee passed Representative Tom Emmer’s (R-Minnesota) “Anti-CBDC surveillance status law”With 27-22 votes on Wednesday.
The potential legislation moved to the House of Representatives to be taken into consideration at the moment will prohibit FED banks from issuing CBDCs.
Emmer, the third place in the house Republican, he says CBDCs represent “financial surveillance tools ..
“In short, when a CBDC is designed without cash privacy protection, the government can give the federal government to unilateral authority to observe the transactions of Americans and to restrict non -popular activities.
We have seen examples of governments that armed financial systems against their citizens. In China, the Communist Party uses a CBDC to monitor the spending habits of its citizens. Close to the house in Canada, the Trudeau administration 2022 truck protests of citizens frozen the bank accounts. “
Emmer first introduced a similar anti -CBDC bill in 2022. Last month, the Republican MP Ritchie Torres (D-NY) launched a two-party “Congress Crypto Caucus ..
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