Anti-CBDC Bill Tom Emmerov Anti-CBDC Deletes the US Financial Services Committee

MPs in the United States have progressed an account that opposes the creation of the digital currency of the Central Bank.

2. April, the US Financial Services Committee passed CBDC Anti-Supervisory State Act (HR 1919) in 27-22 votes.

Bill presented by representatives of Minnesota Tom Emmer, aims to stop the federal reserve to betray or manage the digital dollar. It also blocks the Fed to roll over CBDC through an intermediary or use it as a monetary policy tool.

Supports claim that the digital currency under state control could lead to increased financial surveillance and give the government too much control over personal consumption.

Emmer, a long-time critic of CBDC, warned that such a system could become a form of “programmable money” with the potential to limit unpopular activity and real-time transactions.

“(…) CBDC is a programmable money that is controlled by the Government that, if designed without privacy protection, unilateral government unilateral authorizations for the surveillance of the American transactions,” EMMER 3. April announcement.

Supporting the account law comes from 114 co-sponsors and groups such as American bankers’ associations and the BLOCKOCHAIN ​​Association. The effort was also related to the former presidential executive order, which is directed to completely block the development of the CBDC.

During the television address from the Oval Office 23. January, former President Donald Trump presented executable which is prohibited by the development and use of the American CBDC and proposed a federal workgroup draft regulations of Stablecoin, in accordance with his campaigns to promise Block CBDCs if selected again.

Emmer previously introduced his Anti-CBDC Bill, HR 5403, 2023. years. That cleaned And the Committee for Financial Services of the House and Full House Glas 2024. years, but never reached the Senate votes before 118. Congress delayed in January.

Congress currently weighs two more accounts related to Stablecoin. 2. April, Commission for Financial Services of Houses passed The transparency and responsibility of Stablecoins for a better main economy operates in 32-17 voting. The bill aims to make more clearly rules in Stablecoin space, including popular tokens to support USD on such USDT and USDC.

MPs and Senate also review legislators Geniusintroduced a senator account in the Hagerti. The proposal shows the Federal Framework for Publishin Issuers, which covers areas such as licensing, reserves, revision and transparency. He recently progressed through Senate Banking Committees with 18-6 voting.