Step into the world where politics and cryptocurrency collide as Republican House Majority Whip Tom Emmer reintroduces the CBDC Anti-Surveillance State Act. This legislative move aims to safeguard Americans' financial privacy by thwarting the potential issuance of a central bank digital currency (CBDC).
Inside, you'll uncover the bill's key provisions, including recent tweaks, and explore Emmer's strong opposition towards CBDCs, which he likens to surveillance tools. Join the debate on the future of digital currencies and unravel the complexities of this financial privacy showdown!
On September 12th, the Republican House Majority Whip Tom Emmer announced the reintroduction of the CBDC Anti-Surveillance State Act.
The goal of this legislation is to "to halt the efforts of unelected bureaucrats in Washington, D.C. from issuing a central bank digital currency (CBDC) that dismantles Americans’ right to financial privacy".