The Financial Services Committee of the U.S. House of Representatives approved the first anti-CBDC bill in the United States: the CBDC Anti-Surveillance State Act, which is now submitted to the House of Representatives for consideration. The bill, filed by Tom Emmer, seeks to block the issuance of a U.S. central bank digital currency, prohibit any CBDC pilot program from being proposed, ban the Federal Reserve from issuing retail digital currencies that could be used to monitor citizens, and require any progress on government-backed tokens to be approved by Congress. explicit authorization.
House Financial Services Committee Chairman Patrick McHenry said the bill would protect Americans’ privacy and financial systems from the risks posed by CBDCs.
It is reported that even if the Republican-led bill is approved by the entire House of Representatives, it may face obstacles in the Democratic-led Senate.
