<\/p>\n
Tom Emmer, the House majority whip from Minnesota, on Tuesday announced the reintroduction of his anti-CBDC bill, joined by 49 fellow Republicans.\u00a0<\/p>\n
The Central Bank Digital Currency Anti-Surveillance State Act aims to block the Federal Reserve from directly offering a CBDC to individuals and using it to implement monetary policy.\u00a0<\/p>\n
Emmer<\/a> first brought the bill to the House floor in February.\u00a0<\/p>\n \u201cAny digital version of the dollar must uphold our American values of privacy, individual sovereignty and free market competitiveness,\u201d Emmer said in a statement at the time. \u201cAnything less opens the door to the development of a dangerous surveillance tool.\u201d<\/p>\n The legislation targets the potential for CBDCs<\/a> to impact Americans\u2019 privacy and rights, Emmer added.\u00a0<\/p>\n \u201cThis bill puts a check on unelected bureaucrats and ensures the US digital currency policy upholds our American values of privacy, individual sovereignty, and free-market competitiveness,\u201d Emmer wrote<\/a> on X, formerly Twitter, Tuesday.\u00a0<\/p>\n The bill comes as congressional leaders continue to spar with each other and federal agencies over how to regulate the crypto industry.\u00a0<\/p>\n Five crypto-related bills in the House<\/a> are slated to go to a full-floor vote after passing through Committee markups this session. The Financial Innovation and Technology (FIT) for the 21st Century Act<\/a>, co-sponsored by French Hill, R-Ark., Glenn Thompson , R-Penn., and Dusty Johnson, R-S.D., and the Clarity for Payment Stablecoins Act<\/a>, introduced by Patrick McHenry, R-N.C., received fairly promising bipartisan support during their markup stages.\u00a0\u00a0\u00a0<\/p>\n SEC Chair Gary Gensler appeared before senators Tuesday morning to discuss how the agency enforces its rules. In his opening remarks, Gensler maintained that the agency is acting in investors\u2019 best interest by taking an aggressive stance against crypto firms he says are not following appropriate and long-established securities laws.\u00a0<\/p>\n \u201cGiven this industry\u2019s wide-ranging noncompliance with the securities laws, it\u2019s not surprising that we\u2019ve seen many problems in these markets,\u201d Gensler said during the hearing. \u201cThus, we have brought a number of enforcement actions \u2014 some settled, and some in litigation \u2014 to hold wrongdoers accountable and promote investor protection.\u201d\u00a0<\/p>\n Gensler is scheduled to testify before the House Financial Services Committee on Sept. 27.<\/p>\n Get the day\u2019s top crypto news and insights delivered to your email every evening.\u00a0Subscribe to Blockworks\u2019 free newsletter<\/a>\u00a0now.<\/strong><\/p>\n Want alpha sent directly to your inbox? Get degen trade ideas, governance updates, token performance, can\u2019t-miss tweets and more from\u00a0Blockworks Research\u2019s Daily Debrief<\/a>.<\/strong><\/p>\n Can\u2019t wait? Get our news the fastest way possible.\u00a0Join us on Telegram<\/a>\u00a0and follow us on\u00a0Google News<\/a>.<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Tom Emmer, the House majority whip from Minnesota, on Tuesday announced the reintroduction of his anti-CBDC bill, joined by 49 fellow Republicans.\u00a0 The Central Bank Digital Currency Anti-Surveillance State Act aims to block the Federal Reserve from directly offering a CBDC to individuals and using it to implement monetary policy.\u00a0 Emmer first brought the bill […]<\/p>\n","protected":false},"author":2,"featured_media":154501,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-154500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=154500"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154500\/revisions"}],"predecessor-version":[{"id":154503,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154500\/revisions\/154503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/154501"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=154500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=154500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=154500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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