AMAZING🟢Anti CBDC Bill passed! Crypto wins!
Read summaryHR 543, the cbdc anti-surveillance state act, passed the US House of Representatives, banning the Federal Reserve from issuing a central bank digital currency without Congressional authorization to protect privacy. The bill prohibits the Fed from offering services directly to individuals, implementing monetary policy with a cbdc, and surveilling financial transactions. It highlights the importance of privacy and competition in digital currency solutions. The bill responds to concerns about the Chinese digital yuan's surveillance potential. The aim is to prevent government overreach and protect American privacy. Rep Mike Flood made a statement questioning public servants' trustworthiness. Crypto community sees this as a win for privacy and liberty 🚀.
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