Republican Introduces Bill to Ban Federal Reserve from Creating Central Bank Digital Currency Majority Whip Tom Emmer (R-Minn.) on Sunday unveiled the “CBDC Anti-Surveillance State Act,” which aims to “halt the efforts of unelected bureaucrats in Washington, D.C. from issuing a central bank digital currency (CBDC) that dismantles Americans’ right to financial privacy.” “If not designed to be open, permissionless, and private – emulating cash – a government-issued CBDC is nothing more than a CCP-style surveillance tool that would be used to undermine the American way of life.”
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