Is The Bill "CBDC Anti-Surveillance State Act" Crypto Friendly?
Description:
To amend the Federal Reserve Act to prohibit the Federal Reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes.
Date Introduced:
2023-09-12
Status:
Introduced and Sponsored
Stance on Crypto:
Somewhat Pro-Crypto
Links:
Primary Analysis:
Primary Analysis:
Congress members who support this bill
Cosponsors
Voted For
Republicans
Voted Against
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Additional Analysis
Emmer’s primary motivations stem from worries over broad monitoring of financial transactions. The lawmaker previously stated that CBDCs are “government-controlled programmable money that, if not designed to emulate cash, could give the federal government the ability to surveil Americans' transactions and choke out politically unpopular activity."