Anti-CBDC Bill Passes Crucial Vote in House Financial Services Committee

The US House Financial Services Committee has approved the Anti-CBDC Surveillance State Act (HR 1919). The bill passed with 27 votes in favor and 22 against. It aims to ban the Federal Reserve from developing or issuing a Central Bank Digital Currency (CBDC) without explicit Congressional authorization. US Committee Pushes Back Against CBDCs with Surveillance Act GOP Majority Whip Tom Emmer introduced the bill on March 6 source: https://beincrypto.com/anti-cbdc-surveillance-state-act/