Thomas Earl Emmer Jr. , an American attorney and politician serving as the House Majority Whip since 2023, is introducing the Central Bank Digital Currency (CBDC) Anti-Surveillance State Act to halt efforts of unelected bureaucrats in Washington, DC.
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. 👇 pic.twitter.com/lONbHFZMk7
— Tom Emmer (@GOPMajorityWhip) February 22, 2023
According to Emmer, the bill will prohibit the United States Federal Reserve from issuing a Central Bank Digital Currency (CBDC) directly to anyone. Moreover, it will prevent the Federal Reserve from using a CBDC to implement its monetary policy or control the economy. If this bill is enacted, it will require the Fed's CBDC projects to be transparent to Congress, the policy-making body of the United States, and the American people.
Emmer claimed any CBDC should uphold American value, he stated:
"Any digital version of the dollar must uphold our American values of privacy, individual sovereignty, and free market competitiveness. Anything less opens the door to the development of a dangerous surveillance tool."
"After all, America remains a technological leader not because we force innovations to adopt our values under regulatory duress, but because we allow technology that holds these values at their core to flourish." Emmer added.
All Comments