 The House today passed the Anti-CBDC (Central Bank Digital Currency) bill, forbidding the Federal Reserve Board from ever establishing a government-issued digital currency. “The House action was prescient, but not at all premature,” said Bob Goodlatte, PPSA Senior Policy Advisor and former chairman of the House Judiciary Committee. “With an official digital dollar, the government would have been able to surveil every transaction, no matter how small or how personal. “Such a central bank digital currency would enable mass surveillance of American consumers, and the debanking of any targeted group,” Goodlatte said. “We are grateful to President Trump for issuing an executive order in the early days of his administration to forbid the establishment of such a digital currency which would, the president said, ‘threaten the stability of the financial system, individual privacy, and the sovereignty of the United States.’ “That was a bold and necessary move by the president, but an executive order would not keep a future administration from someday taking us down that road. Such assurance can only come from a law. Today’s victory is a testament to the perseverance of House Majority Whip Rep. Tom Emmer (R-MN) who sponsored and tirelessly advocated for passage of the anti-CBDC bill by the House. “We shouldn’t be tracked by our dollars or our spending. PPSA and our followers urge the Senate to keep the momentum going and get this bill to the president’s desk.” Comments are closed.
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