The US House of Representatives yesterday passed a Republican-led bill aimed at blocking the issuance of central bank digital currencies (CBDC).
In the vote, 216 MPs voted in favor and 192 MPs voted against, while 213 Republicans supported the approved CBDC Anti-Surveillance State Law. All three Democrats voted in favor of the bill, while 192 Democrats opposed it.
The bill was introduced by House Majority Representative Tom Emmer in September 2023. The bill aims to prevent the FED from issuing CBDC to individuals.
Emmer’s main concern regarding CBDCs was the potential for widespread surveillance of financial transactions. He has previously stated that CBDCs are “government-controlled programmable money that, if not designed to mimic cash, could allow the federal government to spy on Americans’ transactions and block politically unpopular activities.”
