U.S. Congressman's Speech on the Dangers of CBDCs
Wednesday, 22 May 2024, 17:04
U.S. Congressman's Speech on CBDCs
Congressman Tom Emmer spoke in the House of Representatives against Central Bank Digital Currencies (CBDCs), highlighting them as surveillance tools threatening privacy.
Recent Events
- Emmer gave interviews on May 20 and appeared in a video on May 22 to emphasize his stance against CBDCs.
Tom Emmer: 'CBDCs must be designed like cash to preserve individuals' privacy rights.'
Tom Emmer: 'Unlike Bitcoin, CBDCs are government-controlled, risking privacy and enabling suppression of free activity.'
Concerns
- China's use of CBDCs for control
- Federal Reserve's focus on CBDCs
Tom Emmer: 'The 'CBDC Anti-Surveillance State Act' aims to uphold cash-like attributes and individual sovereignty in digital currency.'
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.