Rep. Tom Emmer Reintroduces Bill To Thwart CBDCs — President Biden Is Compromising Right To Financial Privacy
Portfolio Pulse from Benzinga Neuro
Republican Representative Tom Emmer has reintroduced the 'CBDC Anti-Surveillance State Act' in the United States House of Representatives, aiming to prevent the Federal Reserve from issuing a central bank digital currency (CBDC). Emmer views CBDCs as a potential surveillance tool that could compromise financial privacy. The bill has received support from several senators. The reintroduction of this bill comes amidst growing concerns over the potential misuse of CBDCs for collecting sensitive financial data.

September 13, 2023 | 6:18 am
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The reintroduction of the bill could potentially impact the price of Bitcoin, as it highlights the decentralized nature of cryptocurrencies compared to CBDCs.
The reintroduction of the bill emphasizes the decentralized nature of cryptocurrencies like Bitcoin, which could potentially increase its appeal to investors who are concerned about financial privacy.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
The reintroduction of the bill could potentially impact the price of Ethereum, as it highlights the decentralized nature of cryptocurrencies compared to CBDCs.
The reintroduction of the bill emphasizes the decentralized nature of cryptocurrencies like Ethereum, which could potentially increase its appeal to investors who are concerned about financial privacy.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50