US Congressman calls for blocking the implementation of CBDC

Tom Emmer has introduced a bill that would prevent the Federal Reserve from launching a digital currency.

The bill is called the "CBDC Anti-Surveillance State Act," and its purpose, according to Emmer, is to protect the financial privacy of US citizens.

"Any digital version of the dollar must support our American values of privacy, individual sovereignty, and free market competitiveness. Anything less opens the door to the development of a dangerous surveillance tool," Emmer wrote in a tweet.

If successful, the bill would put an end to the hopes of the United States in implementing CBDC, which have dominated debates on cryptocurrency regulation.

It's possible that this came after news that the San Francisco Federal Reserve Bank began posting job openings for software developers to help research and develop CBDC.

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