Congressman Tom Emmer Reintroduces Anti-CBDC Bill

Opposing the prevailing winds of centralized digital currencies, GOP lawmakers are launching legislation aimed at inhibiting the federal government from implementing a Central Bank Digital Currency (CBDC).

Led by House Majority Whip Tom Emmer, the Central Bank Digital Currency Anti-Surveillance State Act resurfaces on the House floor, seeking to put the brakes on the Federal Reserve’s exploration of a digital version of the dollar – a move that could significantly influence monetary policies.

The increasing popularity of CBDCs worldwide can not be ignored, as 130 countries, making up 98% of the global economy, conduct explorations of their own – 11 of which, including China, have fully transitioned into CBDC use as per findings from Atlantic Council’s GeoEconomics Center.