The us is considering rejecting the creation of a Central Bank Digital Currency (CBDC) through the Anti-CBDC surveillance state act. Unlike Cryptocurrencies, A CBDC is a Blockchain-Based Digital Version of Fiat Currency Issued and registered by a Central Bank.Republican Lawmakers, LED by Congrsman Tom Emmer, ARE PUSHING This Bill to Prevent Financial Survelance of Us Citizens. Emmer, who serves on the house financeial services commissione, sponsored the legislation, which passed the committee this weeke this week with a 27-22 Vote.The us stance India, russia, and china, which are already conducting advanced trials of their own digital currencies.the bill now as awaits a vote by the full house of repressant, with a dete a dete yet to benounced.Key Highlights of the proposed actin an april 3 statement, tom emmer announced that 114 of his house republican colleagues support Government-Controlled Programmable Money that, If Designed Without Privacy Protections of Cash, Cold Give the federal Government Unilateral Authority to Surveil Americans and Restrictions Politically unpopular activity. Administration was willing to trade Americans’ right to financial privacy for a surveillance-style CBDC, The Trump Administration and Congress, Congress Surely AR NOT, “Emmer noted.Suport The Bill Include members of the US Independent Community Bankers Association, American Bankers Association, Club For Growth, Heritage Action, and The Blockchain Association. State Act Ensures that the united States’ Digital Currency Policy is in the Hands of the American People – Not the Administrative State – So it reflects our american values of privacy, individual sovereign, and free Market Competitiveness, “The Policymaker Noted.The Us v/S Sownsin January, President Trump Signed An Executive Order Prohibiting Federal agencies from Creating, Issuing CBDCS, Effectively ruling out a digital version of the world’s primary reserve currency, the usd.:rotating_light:President Trump has signed an execuve or banning cenning centh (CBDC) This was going to be abused by big banks as a social credit Score where they could freeze your money for wrang thinkhure day day for freedom pic.twitter.com (@Dc_draino) January 23, 2025howver, President Trump’s Executive Order Banning CBDCs Remains Vulnerable to Reversal by Future Administrations. To prevent this, the anti-cbdc surveillance state act aims to enshrine the prohibition into federal law, making it significantly more difference to overturn. Enable Real-Time, Cross-Currency Payments and Offer a Modern Alternative to Cash, Opponents, Reportedly Believe That CBDCS Can Compromise People’s Financial Privacy.CBDC Transactions Leave Permanent, Traceable Records on his underling blockchains. Meanwhile, Countries like India, Russia, China, South Korea, and the UAE are actively developing their own digital currency to enhance transparency and permanence with permanence with their finana (Tagstotranslate) Anti CBDC Bill Clerade Us House Financial Services Committee UsD Donald Trump Cryptocurrency (T) CBDC (T) CBDC (T) Tentral Bank Digital Currency (T) Us (T) Us
Anti-CBDC Bill Clerade by House Financial Services Committee in Us: Details
Anti-CBDC Bill Clerade by House Financial Services Committee in Us: Details