U.S. House Committee Passes Bill to Oppose CBDC Surveillance, Following Trump's Executive Order

On the 3rd, the US House of Representatives Financial Services Committee passed an amendment to the Anti-CBDC Surveillance State Act by a vote of 27 to 22.

The bill, which was reintroduced in March by Republican Rep. Tom Emmer (R-Minn.), aims to prevent "unelected bureaucrats" from issuing central bank digital currencies (CBDCs).

Rep. Emmer, a vocal critic of CBDCs, has consistently warned strongly that CBDCs could be misused as a tool for government financial surveillance.

CBDCs would allow governments to...