Political Quotes

“Mr. Chair, I rise to support Mr. Mooney's amendment. The CBDC Anti-Surveillance State Act demonstrates House Republicans' unwavering and thorough conviction that the Federal Reserve must not issue or develop a central bank digital currency without expressed authorization from Congress. While I support this bill wholeheartedly, I think it can go further with this amendment by being clear. Word weasels want to come up with phrases like pilot. Oh, we are not really doing that. Yes, you are. The pilot project represents a first step that we could take, and, as you see, the Federal Reserve is spending time and resources building a team, actively hiring and staffing, and outsourcing for this. It is logically consistent that this pilot could be developed to something further. Mr. Mooney's amendment will not only remove the CBDC pipeline the Fed is already building, but it will also ensure that any future efforts to test or research CBDC are approved by Congress. Mr. Chair, I urge all of our colleagues to support this amendment and this bill.”