Any attempt to craft a central bank digital currency that enables the Fed to provide retail bank accounts and mobilizes the CBDC rails into a surveillance tool, able to collect all sorts of information on Americans, would do nothing other than put the United States on par with China's digital authoritarianism.
Emmer warns against a CBDC that could infringe on privacy and resemble authoritarian systems.
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We’ve got to figure out why did this poor young man, who is so mentally disturbed, why when he was crying out for help in the public square, where were his friends? His family?
There is no reason for the United States to emulate the Chinese Communist Party by creating a surveillance-style central bank digital currency. Thank you, Heritage Action, for recognizing the importance of this legislation and protecting…
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