US lawmakers vote to advance anti-CBDC bill 📝
The US House Financial Services Committee has moved a bill forward, aiming to stop federal banks from using or issuing central bank digital currencies (CBDCs). This bill, known as the CBDC Anti-Surveillance State Act, seeks to address privacy concerns linked to CBDCs.
In a recent session, lawmakers voted 27-22 in favor of the bill. This decision is part of a broader discussion on financial privacy and regulation, as the committee also approved a bill regulating payment stablecoins.
The bill, sponsored by Minnesota Representative Tom Emmer, has significant support among legislators and banking associations. It attempts to codify a previous executive order by former President Donald Trump that prohibited the use of CBDCs in the U.S.
Emmer reintroduced the bill in March, reflecting ongoing concerns among Republican lawmakers about potential surveillance impacts of CBDCs. This marks a significant step toward federal legislative intervention in the evolving digital finance landscape.
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