The U.S. House of Representatives Financial Services Committee considered Rep. Tom Emmer’s CBDC Anti-Surveillance State Act on Sept. 20.
Debate in the United States House Financial Services Committee during the markup of the CBDC Anti-Surveillance State Act on Sept. 20 occasionally wandered beyond strictly financial and technical issues. Star Wars and anarchists were mentioned in the discussion at various points, as were crypto bros.
Emmer mentioned the Chinese digital yuan and government social credit system and Canada’s freezing of bank accounts during the truckers’ protest of 2022 as he introduced the bill. The bill has the support of 60 senators and numerous organizations, according to Emmer.. Source: House Financial Services Committee
Later she said the bill would “give China the reins to set the global standard for central bank digital currencies.”
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