House Passes Bill to Ban Federal Digital Dollar
TL;DR Summary
The U.S. House passed Rep. Tom Emmer's bill to prevent the Federal Reserve from issuing a Central Bank Digital Currency (CBDC) without Congressional approval, aiming to protect American privacy and prevent government surveillance. The bill received strong Republican support and limited Democratic backing, reflecting broader debates on the role and risks of CBDCs in the U.S. financial system.
- House Passes Anti-CBDC Bill to Prevent Chinese-Style Surveillance of America Decrypt
- House passes bill barring Federal Reserve from issuing digital dollar The Hill
- U.S. House of Representatives: House Session | May 23, 2024 C-SPAN
- U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDC CoinDesk
- Don't let the US become the only country to ban CBDCs Atlantic Council
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