US House of Representatives Supports Bill Against CBDC
🇺🇸 The US House of Representatives has passed a bill prohibiting the Federal Reserve (Fed) from issuing Central Bank Digital Currency (CBDC) without congressional approval, as announced by House Republican Leader Tom Emmer.
🗞 The bill was passed with 216 votes in favor and 192 against.
👀 According to the bill, the government can issue a CBDC "only with the permission of Congress." Emmer emphasized that the digital dollar should not be used like e-CNY and must be open and not a surveillance tool.
✋The Fed is prohibited from using CBDC for implementing monetary policy and economic control.
✔️ Since 2021, Emmer has advocated for the digital dollar design to exclude the possibility of financial oversight over citizens.
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