House Committee Approves “Anti-CBDC” Bill to Protect “American Liberty”

• House Financial Services Committee approves bill to prevent American banks from issuing digital currencies.
• Majority Whip Tom Emmer leads a Republican-backed effort to prevent CBDC issuance.
• Concerns have been raised about CBDC’s potential for financial surveillance and potential misuse in the United States.

The House Financial Services Committee recently approved a bill to prevent American central banks from issuing central bank digital currencies (CBDC).

NEW: @GOPMajorityWhip’s anti-CBDC bill has just passed out of the House Financial Services Committee. https://t.co/2qIxziWihq

— Eleanor Terrett (@EleanorTerrett) September 20, 2023

House Majority Whip Tom Emmer introduced the Central Bank Digital Currency Anti-Surveillance State Act. Fox Business reported that the bill is Republican-backed and aims to prevent the Federal Reserve and its member banks from issuing a digital version of the dollar.

Emmer shared that this bill has the support of 60 members of Congress and several groups, such as the Independent Community Bankers Association, the American Bankers Association, and the Blockchain Association.

The bill’s objective is simple, according …

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