I thank the gentlewoman from Indiana for yielding time. It is great to finally get to make a speech here. Mr. Speaker, I am a strong supporter of the legislation being considered under the rule before us today, including the Central Bank Digital Currency Anti-Surveillance State Act, which will prohibit the Federal Reserve from pursuing a path that could jeopardize the financial freedoms and privacy of the American people. Around the world, we are seeing authoritarian regimes embrace digital currencies, and why? It is because it is a means to more effectively and tightly control their people. That is why the Chinese Communist Party is actively developing a digital currency that will allow them to throttle the Chinese people's access to bank accounts and subject them to Orwellian social credit systems, among other forms of oppressive state control. Yet, we have also seen freer democratic governments, not too different from our own, pursue policies in recent years to try and control their citizens' access to basic financial services, destroying their livelihoods in the process. In fact, it was our neighbors in Canada who recently shut down access to personal bank accounts of protesters who had the audacity to exercise their right to demonstrate in opposition to their government's draconian lockdowns and vaccine mandates. Mr.…
Nick Langworthy: “I thank the gentlewoman from Indiana for yielding time. It is great to finally get to make a speech here. Mr. Speaker, I…”
On the recordMay 22, 2024
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