The US House Financial Services Committee has passed an anti-CBDC bill
2025-04-03 09:27:07
The U.S. House Financial Services Committee on Wednesday passed the Anti-CBDC Surveillance State Act (H.R. 1919) by 27 votes to 22. The bill, introduced by Republican House Majority Whip Tom Eimer, seeks to prevent central bank digital currencies from being used for monetary policy and prohibits the Federal Reserve from providing financial services directly to individuals. Eimer said the bill ensures that U.S. digital currency policy is in the hands of the American people, not the executive. The move echoes an executive order signed by President Trump in January to protect U.S. citizens from the threat of CBDCs. At the same time, the committee has also advanced stablecoin regulation legislation to create a framework for dollar-pegged stablecoins to enhance their global competitiveness.
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