{"id":74625,"date":"2023-02-24T17:45:18","date_gmt":"2023-02-24T15:45:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=74625"},"modified":"2025-09-09T21:14:01","modified_gmt":"2025-09-09T18:14:01","slug":"u-s-congressman-opposes-fed-control-over-the-digital-dollar","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/u-s-congressman-opposes-fed-control-over-the-digital-dollar\/","title":{"rendered":"U.S. congressman opposes Fed control over the digital dollar"},"content":{"rendered":"<p>The House Republican Leader, Tom Emmer, introduced a bill to protect Americans&#8217; financial privacy in using <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-central-bank-digital-currency-cbdc\">CBDC<\/a>.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Today, I introduced the CBDC Anti-Surveillance State Act to halt efforts of unelected bureaucrats in Washington, DC from stripping Americans of their right to financial privacy. ? <a href=\\\"https:\/\/t.co\/lONbHFZMk7\\\">pic.twitter.com\/lONbHFZMk7<\/a><\/p>\n<p>\u2014 Tom Emmer (@GOPMajorityWhip) <a href=\\\"https:\/\/twitter.com\/GOPMajorityWhip\/status\/1628397390024638466?ref_src=twsrc%5Etfw\\\">February 22, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The document lays out three core requirements:<\/p>\n<ul class=\\\"wp-block-list\\\">\n<li><span data-descr=\\\"Federal Reserve System\\\" class=\\\"old_tooltip\\\">\u0424\u0420\u0421<\/span> is prohibited from issuing a national digital currency for individuals;<\/li>\n<li>the agency cannot use CBDC to conduct monetary policy and to control the economy;<\/li>\n<li>The Fed&#8217;s digital dollar projects must be transparent to Congress.<\/li>\n<\/ul>\n<p>According to the congressman, departing from these rules \u201copens the door to developing a dangerous instrument of surveillance over citizens.\u201d<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;Any digital version of the dollar must uphold our American values of privacy, individual sovereignty, and the competitive ethos inherent in a free market,&#8221; Emmer said.<\/p>\n<\/blockquote>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/us-lawmakers-propose-banning-the-fed-from-opening-retail-accounts-for-a-cbdc\">introduced a similar bill<\/a> in January 2022. At that time, the majority in the lower chamber belonged to the Democratic Party. The bill had no co-sponsors and did not advance to consideration.<\/p>\n<p>This time Emmer has secured backing from nine fellow Republicans in his caucus. However, in the Senate the party is in the minority.<\/p>\n<p>In 2021, Emmer argued that the design of the digital dollar <a href=\"https:\/\/u1f987.com\/en\/news\/us-lawmakers-warn-of-lag-behind-china-in-cbdc-development\">excluded the possibility of financial oversight<\/a> over citizens.<\/p>\n<p>As reported, Arthur Hayes, the former head of BitMEX, described CBDCs as the ideal instrument for governments and <a href=\"https:\/\/u1f987.com\/en\/news\/arthur-hayes-calls-central-bank-digital-currencies-pure-evil\">an encroachment on sovereignty<\/a> over transactions between people.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The House Republican Leader, Tom Emmer, introduced a bill to protect Americans&#8217; financial privacy when using CBDCs.<\/p>\n","protected":false},"author":1,"featured_media":74626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,1230,26],"class_list":["post-74625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-us-congress","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=74625"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74625\/revisions"}],"predecessor-version":[{"id":74627,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74625\/revisions\/74627"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/74626"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=74625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=74625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=74625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}