U.S. Congressman's Speech on the Dangers of CBDCs

Wednesday, 22 May 2024, 17:04
Congressman Tom Emmer raises concerns over Central Bank Digital Currencies (CBDCs) as surveillance tools, highlighting the risks of privacy infringement. Emmer stresses the need for maintaining cash-like attributes in a digital currency to preserve individual sovereignty. The congressman proposes the 'CBDC Anti-Surveillance State Act' to safeguard privacy amidst the push for government-controlled digital currencies.
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U.S. Congressman's Speech on the Dangers of CBDCs

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

  1. China's use of CBDCs for control
  2. 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.'

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