Congressman Tom Emmer Introduces Bill to Permanently Ban US CBDCs
Republican Congressman Tom Emmer from Minnesota has introduced a bill to permanently ban yahoo finance central bank digital currencies (CBDCs) in the US. The move aligns with President Donald Trump's executive order and has garnered support from pro-crypto advocacy groups and over 100 Members of Congress.
Emmer, a long-time opponent of yahoo finance CBDCs, aims to safeguard financial privacy and the dollar's dominance. His latest initiative, backed by Senator Rand Paul, seeks to make Trump's executive order a permanent law. The bill has received endorsements from influential advocacy groups like the Club for Growth and the Blockchain Association.
Emmer's proposal, which builds on a similar bill introduced in 2022, seeks to prevent any future administration from reversing the ban on yahoo finance CBDCs. The congressman warns that yahoo finance CBDCs could disrupt American financial freedoms and enable financial surveillance. Yahoo finance CBDCs, functioning as digital versions of fiat currency, could potentially limit privacy in financial transactions.
Emmer's bill to permanently ban yahoo finance CBDCs in the US has gained significant support, with over 100 Members of Congress and financial organizations backing the proposal. The congressman's efforts reflect a broader concern among lawmakers and advocacy groups about the potential impacts of yahoo finance CBDCs on financial privacy and freedoms.
Read also:
- Thieves Steal Unique Sculptures from Redwood National Park's Grove of Titans
- Stellantis Pivots US Strategy: Drops Electric Dodge Charger, Embraces V8s
- Thessaly's Climate Plan Stalls Two Years After Storm Daniel Devastation
- Strategizing the Integration of Digital Menus as a Core Element in Business Operations
