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The U.S. House of Representatives has passed H.R. 5403, the CBDC Anti-Surveillance State Act, a Republican-led bill aimed at preventing the implementation of a central bank digital currency (CBDC) that could be used for surveillance purposes. The bill, spearheaded by the GOP Majority Whip, seeks to protect Americans' financial privacy by prohibiting the federal government from issuing a CBDC without explicit congressional approval. House Republicans argue that a CBDC could be weaponized to monitor and control financial transactions, similar to tools used by the Chinese Communist Party (CCP). The legislation has garnered significant support from Republican lawmakers, including RepMaxMiller, RepSteveWomack, RepStefanik, RepFischbach, RepRudyYakym, RepOgles, RepJerryCarl, RepFitzgerald, RepMeuser, and RepRosendale, who emphasize the need to safeguard individual freedoms and prevent the erosion of privacy rights.
Allowing federal bureaucrats to spy on Americans’ financial transactions is the first step to establishing a social credit system nationwide. I proudly voted today to preserve American financial freedom and ban CBDC surveillance!
I proudly voted to pass @FinancialCmte's bill to stop the Fed from issuing a CBDC without the express permission of Congress. It's critical Congress take action to keep Biden's weaponized bureaucrats from turning our financial system into a surveillance state. https://t.co/qm2ZqvI7oj
Today, I voted for and stand in strong support of H.R. 5403, the CBDC Anti-Surveillance State Act. Protecting Americans' privacy and upholding the Constitution is paramount. I oppose any creation of a CBDC that could be used to spy on citizens. This vital legislation from…
