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House Approves Anti-CBDC Measure as Part of Defense Funding Legislation
House Approves Anti-CBDC Measure as Part of Defense Funding Legislation
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BTCCSquare news:
The U.S. House of Representatives has embedded a contentious provision into the National Defense Authorization Act, blocking the Federal Reserve from issuing a central bank digital currency. The Anti-CBDC Surveillance State Act, championed by House Majority Whip Tom Emmer, passed 219-210 in July as standalone legislation before being folded into the must-pass defense bill.
Proponents argue the measure safeguards financial privacy against government overreach, while critics warn it could stifle innovation in digital currency research. The Fed's potential CBDC rollout now faces legislative headwinds amid growing partisan divides over monetary surveillance concerns.
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