US Lawmakers Say “No Way!” to Digital Dollar Surveillance Party 😆💰

by

In the hallowed halls of the U.S. House of Representatives, where the clattering of keyboards often echoes like the clanging of a blacksmith’s hammer, a ruckus brewed! The guardians of finance—our esteemed House Financial Services Committee—took up the noble cause of striking down federal attempts to unleash the enigmatic Central Bank Digital Currency (CBDC) upon the unsuspecting masses. Behold, they gave birth to the legendary CBDC Anti-Surveillance State Act! Who would’ve thought that in the land of the free, a bill with such flair could ever grace the legislative stage? 🎭

With a dramatic vote of 27-22 on April 2, our gallant lawmakers propelled this monumental piece of legislation forward, setting the stage for an epic showdown in the full House. This bill, noble in its intent, seeks to shove a rather hefty stick in the gears of government surveillance, guarding the sacred treasure of privacy. Because who wouldn’t want to protect their secrets from the prying eyes of Big Brother? 🕵️‍♂️

H.R. 1919, the Anti-CBDC Surveillance State Act now marches forth— victorious from Committee! 27-22!

— Financial Services GOP (@FinancialCmte) April 3, 2025

Our brave Minnesota gladiator, Representative Tom Emmer—the champion of this bill—proclaims with pride that he has gathered a whopping 114 cosponsors! Talk about pulling a crowd! Such venerable organizations as the American Bankers Association and the Blockchain Association have thrown their weight behind this mighty effort. It’s like a digital avengers team, but without the capes (or so we assume). 🦸‍♂️

And let us not forget the ghosts of executive orders past! Emmer connected the dots to a directive from a former president, a milestone decree that straight-up banned the beast known as CBDC from scurrying around the U.S. landscape. Truly a dramatic plot twist worthy of a summer blockbuster! 🎬

Nevertheless, the path ahead remains as murky as a foggy morning in Sant Petersburg. Republican titans, including the indomitable Senator Ted Cruz, champion this legislation with fervor, fearing that a CBDC would ensnare citizens in a web of transaction tracking. But the course of CBDCs in the United States is as unclear as a politician’s promise—unsure, ambiguous, and full of suspense! 🎭

Read More

2025-04-04 07:01