Anti-CBDC Bill: House Passes CBDC Anti-Surveillance State Act

Anti-CBDC Bill: The U.S. House of Representatives has passed the CBDC Anti-Surveillance State Act, marking a significant legislative milestone.

This decision comes at a time when the public and consumers are becoming wary of their privacy and the government’s intrusion into the financial sector, especially the proposed CBDC by the federal government.

Anti-CBDC Bill Passed

The passage of the CBDC Anti-Surveillance State Act is a win for the supporters of financial freedom, capturing the essence of a shared fight to keep the policy of digital currencies as a public interest rather than the executive branch’s discretion.

BREAKING

House passes CBDC Anti-Surveillance State Act.

Federal Reserve blocked from issuing a CBDC.
There is still hope. Study #Bitcoin pic.twitter.com/ERlu0Cr0im

— Alexander Ellefsen (@4lexEllefsen) May 23, 2024

Led by Congressman Tom Emmer, the bill has received significant backing from different stakeholders, pointing to a bipartisan alarm over the dangers of a state-controlled digital currency.

Supporters of the Anti-CBDC bill comprising the American Bankers Association, the Blockchain Association, and other financial players have been instrumental. This is because their support is based on the apprehension that CBDCs can open avenues for surveillance and control, which is something that most Americans would not want.

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