US lawmaker reintroduces CBDC bill after Trump EO bans digital dollar

Majority Whip Tom Emmer first proposed banning Federal Reserve banks from using or issuing a digital dollar in 2022.

Minnesota Representative Tom Emmer, the majority whip in the US House of Representatives, has reintroduced legislation aimed at preventing federal banks from using or issuing central bank digital currencies, or CBDCs.

In a March 6 notice, Rep. Emmer said he had brought back the CBDC Anti-Surveillance State Act in the House for lawmakers in the 119th session of Congress to consider. An earlier version of the bill, which the Minnesota Representative first proposed in 2022, passed the House in May 2024 and had been awaiting consideration in the Senate Banking Committee.

Draft of CBDC Anti-Surveillance State Act. Source: Tom Emmer

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