Emmer’s Anti-CBDC Bill Seeks to Limit Fed’s Digital Currency Power

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Representative Tom Emmer, a key advocate for financial privacy in the U.S., reaffirmed his commitment to halting the development of a CBDC unless it adheres to strict principles of openness, permissionlessness, and privacy. Emmer noted the progress of his Anti-CBDC Surveillance State Act , which aims to sharply curtail the Federal Reserve’s authority to issue a digital dollar. Introduced in the House in March, Emmer’s bill was one of three pieces of crypto-focused legislation passed in July duri...