The US House Financial Services Committee passed a bill that would block the Federal Reserve Bank from issuing a central bank digital currency (CBDC).<\/p>\n
The CBDC Anti-Surveillance State Act, introduced<\/a> by Majority Whip Tom Emmer last week, is now headed for a congressional vote. Emmer, who says<\/a> the bill already has the support of 60 members of Congress, praised the committee’s decision, saying there were dangers to the state having control over a CBDC and that it is incompatible with American values.<\/p>\n “If not open, permissionless, and private – just like cash – a central bank digital currency is nothing more than a CCP [Chinese Communist Party]-style surveillance tool that can be weaponized to oppress the American way of life,” he said.<\/p>\n The first anti-CBDC bill in the United States passed out of the Financial Services Committee today! A historical step in defending against an ever-expanding government surveillance state. https:\/\/t.co\/1XXSEHOhNC<\/a><\/p>\n — Tom Emmer (@GOPMajorityWhip) September 20, 2023<\/a><\/p><\/blockquote>\n\n