Ensuring Financial Privacy Amid Digital Advancements: House Passes CBDC Anti-Surveillance Act

Friday, 24 May 2024, 08:01
The US House of Representatives passed the CBDC Anti-Surveillance Act, a bill aimed at safeguarding financial privacy and preventing misuse of digital currencies. The legislation focuses on upholding American principles of privacy and individual autonomy. With a strong bipartisan support, the bill emphasizes the need to protect the American digital economy from potential surveillance risks and ensure the development of digital money mirrors core values of privacy, individual sovereignty, and free market competitiveness.
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Ensuring Financial Privacy Amid Digital Advancements: House Passes CBDC Anti-Surveillance Act

US House Passes CBDC Anti-Surveillance Act for Financial Privacy Protection

The US House of Representatives recently approved the CBDC Anti-Surveillance Act, a crucial step towards protecting financial privacy and preventing digital currency misuse.

Bipartisan Support

The bill received bipartisan support with 165 Republican cosponsors demonstrating the shared concern over potential dangers of CBDC misuse.

Focus on Privacy and Autonomy

Highlighted in the debate was the importance of upholding privacy and individual autonomy in the development of digital currencies to safeguard American principles.

Protecting American Digital Economy

The passage of this bill indicates a significant move towards shielding the US digital economy from surveillance risks and ensuring that any digital money development reflects fundamental values of privacy, individual sovereignty, and competitive market environment.

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