Yesterday the House Financial Services Committee voted in favor of the ‘CBDC Anti-Surveillance State Act“. The Bill prevents the Federal Reserve (Fed) from opening digital dollar accounts for individuals. It also bars the Treasury from directing the Fed to issue a central bank digital currency (CBDC) without Congressional approval.
The full House still needs to vote on the Bill, before it goes to the Senate.
In previous hearings, some Democrats also voiced reservations about a CBDC. But yesterday’s debate on this Bill was divided on party lines.
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