The U.S. House Financial Services Committee has passed the CBDC Anti-Surveillance State Act, the first anti-central bank digital currency legislative effort introduced in the United States. Congressman Tom Emmer detailed that the bill halts the efforts of the Biden administration “from issuing a financial surveillance tool that will undermine the American way of life.”
CBDC Anti-Surveillance State Act Advances
U.S. Congressman Tom Emmer (R-MN) announced Wednesday that the House Financial Services Committee has passed the CBDC Anti-Surveillance State Act, which he and 50 other lawmakers reintroduced in Congress last week.
“It’s the first anti-central bank digital currency [CBDC] legislative effort introduced in the United States,” Emmer emphasized, noting that he has been working on the bill for over three years.
“Today, this bill has the support of 60 members of Congress and groups ranging from the Independent Community Bankers Association and American Bankers Association t
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