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The U.S. House of Representatives has passed the CBDC Anti-Surveillance State Act, which prohibits the Federal Reserve from issuing a Central Bank Digital Currency (CBDC). The bill, H.R. 5403, was approved with a vote tally of 216 to 192. The legislation, primarily supported by Republicans and pitched by GOPMajorityWhip, saw only three Democrats voting in favor. The bill aims to protect financial privacy and prevent potential government surveillance associated with CBDCs. The next step for the bill is to be considered by the Senate.
The U.S. House voted to bar the Federal Reserve from issuing a CBDC, primarily with Republican support, though prospects to get something similar through the Senate may be limited. @nikhileshde reports https://t.co/dBRAsASJAw
Excellent news, the House passes bill against the Fed issuing a CBDC. Now up to the Senate, which of course is a big hurdle https://t.co/X8Elo8OC1B
NEW: The House voted 216 to 192 to approve HR 5403, a bill that seeks to block the Fed from creating a US CBDC Importantly, this one passed with just 3 Democrats in support: Golden - Maine Peltola- Alaska Perez- Washington https://t.co/JxcvKbpnKG
