What impact could a central bank digital currency have on financial privacy? US Representative Tom Emmer ( is taking action with the 'CBDC Anti-Surveillance State Act' which would limit the Federal Reserve's authority on CBDCs.
has introduced legislation in the United States House of Representatives that could limit the Federal Reserve from issuing a central bank digital currency, or CBDC.he had introduced the ‘CBDC Anti-Surveillance State Act’ in an apparent effort to protect Americans’ right to financial privacy.
“Any digital version of the dollar must uphold our American values of privacy, individual sovereignty, and free market competitiveness,” said Emmer. “Anything less opens the door to the development of a dangerous surveillance tool.” Today, I introduced the CBDC Anti-Surveillance State Act to halt efforts of unelected bureaucrats in Washington, DC from stripping Americans of their right to financial privacy.
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