{"id":1427298,"date":"2023-09-13T16:45:00","date_gmt":"2023-09-13T20:45:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1427298"},"modified":"2023-09-13T16:45:00","modified_gmt":"2023-09-13T20:45:00","slug":"majority-whip-reintroduces-anti-cbdc-bill-to-stop-unelected-bureaucrats-undermining-the-american-way-of-life","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/majority-whip-reintroduces-anti-cbdc-bill-to-stop-unelected-bureaucrats-undermining-the-american-way-of-life\/1427298\/","title":{"rendered":"Majority Whip Reintroduces Anti-CBDC Bill To Stop Unelected Bureaucrats “Undermining The American Way Of Life”"},"content":{"rendered":"

Majority Whip Reintroduces Anti-CBDC Bill To Stop Unelected Bureaucrats “Undermining The American Way Of Life”<\/span><\/p>\n

\n

Authored by Martin Young via CoinTelegraph.com,<\/em><\/a><\/p>\n

The bill would limit the Fed from issuing a CBDC, which Tom Emmer called a surveillance tool that would \u201cundermine the American way of life.\u201d<\/strong><\/em><\/p>\n

<\/a><\/p>\n

Legislation aimed at preventing \u201cunelected bureaucrats in Washington\u201d from issuing a central bank digital currency has been reintroduced by Representative Tom Emmer.<\/p>\n

On Sept. 12, Emmer and 49 original co-sponsors\u00a0revived<\/a>\u00a0the \u201cCBDC Anti-Surveillance State Act\u201d in the United States House of Representatives in a bid, they claim, to protect Americans\u2019 right to financial privacy.<\/p>\n

\u201cThe administration has made it clear: President Biden is willing to compromise the American people\u2019s right to financial privacy for a surveillance-style CBDC,\u201d<\/strong><\/em> the Republican politician said in a statement, adding:<\/p>\n

\u201cThat\u2019s why I\u2019m reintroducing my landmark legislation to put a check on unelected bureaucrats and ensure the United States\u2019 digital currency policy upholds our values of privacy, individual sovereignty, and free-market competitiveness,\u201d<\/em><\/p>\n

Emmer\u00a0first proposed the bill to address CBDCs<\/a>\u00a0in January 2022. It was\u00a0formally introduced to Congress<\/a>\u00a0in February 2023 with the aim of limiting the Federal Reserve from minting a programmable digital dollar, which Emmer claims is a \u201csurveillance tool that would be used to undermine the American way of life.\u201d<\/p>\n

\ud83d\udea8Today, with 49 of my Republican colleagues, I reintroduced the CBDC Anti-Surveillance State Act\ud83d\udc47https:\/\/t.co\/mbke95IHBn<\/a><\/p>\n

\u2014 Tom Emmer (@GOPMajorityWhip) September 12, 2023<\/a><\/p>\n

The\u00a0bill<\/a>\u00a0specifically prohibits the Fed from issuing a CBDC to individuals, which Emmer says would stop it from mobilizing into a retail bank able to collect personal financial data.<\/p>\n

The bill also prohibits the central bank from using any CBDC to implement monetary policy.<\/strong><\/p>\n

In March, Emmer\u00a0warned against the weaponization of money<\/a>\u00a0as the federal government seeks to maintain and expand financial control.<\/p>\n

U.S. presidential candidate Robert F. Kennedy Jr.\u00a0echoed the sentiment<\/a>\u00a0in May, stating, \u201cThat is why I oppose CBDCs, which will vastly magnify the government\u2019s power to suffocate dissent by cutting off access to funds with a keystroke,\u201d<\/strong><\/p>\n

Other supporters of the CBDC Anti-Surveillance State Act include Senators French Hill, Warren Davidson and Mike Flood.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nWed, 09\/13\/2023 – 12:45<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/political\/congress-majority-whip-reintroduces-anti-cbdc-bill-stop-unelected-bureaucrats-undermining<\/a>\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Majority Whip Reintroduces Anti-CBDC Bill To Stop Unelected Bureaucrats “Undermining The American Way Of Life” Authored by Martin Young via CoinTelegraph.com, The bill would limit…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1427298","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-5ZiW","jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1427298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1427298"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1427298\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1427298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1427298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1427298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}