Minnesota Congressman Tom Emmer recently introduced a bill that would ban the Federal Reserve from issuing a central bank digital currency (CBDC) directly to anyone, per a report by Bitcoin Magazine.
The bill is titled the “CBDC Anti-Surveillance State Act” and outlines that “Except as specifically authorized under this Act, a Federal Reserve bank may not offer products or services directly to an individual, or maintain an account on behalf of an individual, or issue a central bank digital currency directly to an individual.” The bill adds that “The Board of Governors of the Federal Reserve System and the Federal Open Market Committee may not use any central bank digital currency to implement monetary policy.” In a tweet that he posted on February 22, 2023, Emmer stated the bill that “Any digital version of the dollar must uphold our American values of privacy, individual sovereignty, and free market competitiveness. Anything […]
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