U.S. Republican lawmakers call for a permanent ban on central bank digital currency in the housing bill
According to Cointelegraph, U.S. Republican lawmakers are calling for a permanent ban on central bank digital currencies (CBDCs) in the upcoming vote on the "21st Century Housing Act" in the House of Representatives. Congressman Mike Flood stated that the House's revised bill aims to overturn the "implicit green light" for CBDCs, making the ban permanent. If the bill passes the House, it will return to the Senate for possible further revisions. Congressman Warren Davidson supports the permanent ban and believes that the 2030 expiration date effectively gives CBDCs a pre-launch development period. House Majority Whip Tom Emmer is also promoting his "Anti-CBDC Surveillance State Act," which passed the House last July but has not yet been approved by the Senate. Emmer warned that if the U.S. adopts a CBDC, privacy and economic freedom will cease to exist.
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