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 don’t want that in the United States of America, and frankly it’s contrary to everything we believe about individual freedom and self determination.
So, the question that should be asked is, what are they hiding and why?
This is a historic opportunity for the United States. After years of work, American innovators are one step closer to having the clarity they need to build here at home while ensuring the future of the digital economy reflects our values…
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