The U.S. House Financial Services Committee passes anti-CBDC bill

ChainCatcher news, according to The Block, the U.S. House Financial Services Committee passed the "Anti-CBDC Surveillance State Act" (H.R. 1919) with 27 votes in favor and 22 against. The bill was introduced by Republican House Majority Whip Tom Emmer and aims to prevent central bank digital currencies from being used for monetary policy and prohibits the Federal Reserve from providing financial services directly to individuals.

Emmer stated that the bill ensures that U.S. digital currency policy is in the hands of the American people rather than the executive branch. This move echoes the executive order signed by President Trump in January this year to protect American citizens from the threats posed by CBDCs. At the same time, the committee also advanced stablecoin regulatory legislation to establish a framework for dollar-pegged stablecoins to enhance their global competitiveness.