Bitcoin
Bitcoin (BTC)
$103,575.00 -0.69579
Bitcoin price
Ethereum
Ethereum (ETH)
$2,423.22 -3.41396
Ethereum price
BNB
BNB (BNB)
$643.78 0.0999
BNB price
Solana
Solana (SOL)
$140.75 -3.29172
Solana price
XRP
XRP (XRP)
$2.13 -1.57017
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000114 -1.34023
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000099 -4.03692
Pepe price
Bonk
Bonk (BONK)
$0.0000137 -3.18989
Bonk price
dogwifhat
dogwifhat (WIF)
$0.770829 -1.79804
dogwifhat price
Popcat
Popcat (POPCAT)
$0.282505 -2.38692
Popcat price
Bitcoin
Bitcoin (BTC)
$103,575.00 -0.69579
Bitcoin price
Ethereum
Ethereum (ETH)
$2,423.22 -3.41396
Ethereum price
BNB
BNB (BNB)
$643.78 0.0999
BNB price
Solana
Solana (SOL)
$140.75 -3.29172
Solana price
XRP
XRP (XRP)
$2.13 -1.57017
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000114 -1.34023
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000099 -4.03692
Pepe price
Bonk
Bonk (BONK)
$0.0000137 -3.18989
Bonk price
dogwifhat
dogwifhat (WIF)
$0.770829 -1.79804
dogwifhat price
Popcat
Popcat (POPCAT)
$0.282505 -2.38692
Popcat price
Bitcoin
Bitcoin (BTC)
$103,575.00 -0.69579
Bitcoin price
Ethereum
Ethereum (ETH)
$2,423.22 -3.41396
Ethereum price
BNB
BNB (BNB)
$643.78 0.0999
BNB price
Solana
Solana (SOL)
$140.75 -3.29172
Solana price
XRP
XRP (XRP)
$2.13 -1.57017
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000114 -1.34023
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000099 -4.03692
Pepe price
Bonk
Bonk (BONK)
$0.0000137 -3.18989
Bonk price
dogwifhat
dogwifhat (WIF)
$0.770829 -1.79804
dogwifhat price
Popcat
Popcat (POPCAT)
$0.282505 -2.38692
Popcat price
Bitcoin
Bitcoin (BTC)
$103,575.00 -0.69579
Bitcoin price
Ethereum
Ethereum (ETH)
$2,423.22 -3.41396
Ethereum price
BNB
BNB (BNB)
$643.78 0.0999
BNB price
Solana
Solana (SOL)
$140.75 -3.29172
Solana price
XRP
XRP (XRP)
$2.13 -1.57017
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000114 -1.34023
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000099 -4.03692
Pepe price
Bonk
Bonk (BONK)
$0.0000137 -3.18989
Bonk price
dogwifhat
dogwifhat (WIF)
$0.770829 -1.79804
dogwifhat price
Popcat
Popcat (POPCAT)
$0.282505 -2.38692
Popcat price

New bill could block US CBDC development

Nicholas Ross Say
Edited by
News
New bill could block US CBDC development

Tom Emmer, a member of the U.S. House of Representatives, a watchdog involved in the post-FTX saga lawsuit, has proposed legislation prohibiting the Federal Reserve from issuing a CBDC to any individual directly in the U.S.

According to the CBDC Anti-Surveillance State Act, Federal Reserve banks may not supply products or services directly to a person, keep an account on that individual’s behalf, or issue an immediate central bank digital currency to an individual, unless as explicitly permitted under this act.

Specifically, it stipulates that the Federal Open Market Committee, in conjunction with the Board of Governors of the Federal Reserve System, prohibits using any central bank digital currency to act on monetary policy.

https://twitter.com/GOPMajorityWhip/status/1628397390024638466

The bill stipulates that any digital version of the dollar must maintain its American ideals of privacy, individual sovereignty, and free market competition.

“Anything less invites the creation of a risky surveillance device.”

Tom Emmer, member of the US House of Representatives.

The bill attempts to prevent the formation of a CBDC in the United States due to the numerous problems that some fear would arise if such a corporation were allowed to operate inside the country. 

Bill receives backing from members of congress

There is bipartisan support for this measure in the House of Representatives, with many congress members expressing their approval.

For example, to prevent the Federal Reserve from launching a central bank digital currency, Rep. Barry Loudermilk said he was “happy to join forces with Representative Tom Emmer on legislation.” 

According to Loudermilk, peoples’ transactions shouldn’t be tracked endlessly, and the Fed should focus on achieving price stability and full employment. Rep. Andrew Biggs echoed this sentiment, saying that unelected bureaucrats could push the public to an authoritarian state.