U.S. House Passes CBDC Anti-Surveillance Act, Protecting Financial Privacy
The U.S. House of Representatives has approved a bill, the 'CBDC Anti-Surveillance State Act', which aims to prevent a central bank digital currency (CBDC) from being used as a tool for state surveillance. The bill, introduced by Republican Representative Tom Emmer, passed with 216 votes in favor, 192 against, and 22 abstentions.
The bill's approval is a significant step, but it must still navigate the Senate and avoid a presidential veto. Emmer first introduced the bill in 2022, and it gained 135 cosponsors when reintroduced in 2025. The legislation aims to safeguard financial privacy and individual freedom by ensuring that Congress has a say in the introduction of a CBDC.
The bill's progress comes amidst a backdrop of former President Donald Trump expressing both openness to cryptocurrencies and opposition to CBDCs. Some members of both Democratic and Republican parties share concerns that a U.S. CBDC could hinder international competition in digital finance.
With a Republican majority in both chambers, the bill could potentially become law, setting a precedent for other countries. However, its future remains uncertain until it passes the Senate and gains presidential approval. The bill's progress highlights the ongoing debate surrounding CBDCs and their potential impact on financial privacy and competitiveness.
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