{"id":158166,"date":"2023-09-19T00:18:30","date_gmt":"2023-09-18T18:48:30","guid":{"rendered":"https:\/\/dripp.zone\/news\/us-congressman-rudolph-yakym-supports-anti-cbdc-bill-crypto-news\/"},"modified":"2023-09-19T00:18:32","modified_gmt":"2023-09-18T18:48:32","slug":"us-congressman-rudolph-yakym-supports-anti-cbdc-bill-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/us-congressman-rudolph-yakym-supports-anti-cbdc-bill-crypto-news\/","title":{"rendered":"US Congressman Rudolph Yakym Supports Anti-CBDC Bill – Crypto News"},"content":{"rendered":"

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U.S. House of Representatives member Rudolph Yakym announced support to the anti-CBDC Bill introduced by House Majority Whip Tom Emmer. Earlier on September 12, 2023, Emmer had reintroduced<\/a> the CBDC Anti-Surveillance State Act, to halt \u201cThe efforts of unelected bureaucrats in Washington, D.C. from issuing a central bank digital currency (CBDC)<\/a>.\u201d Emmer, joined by 50 original cosponsors, claimed that the CBDCs damage Americans\u2019 right to financial privacy.<\/p>\n

Also Read: Top Analyst Predicts Bitcoin Price Inflection Point; Bull Run Confirmed?<\/strong><\/a><\/p>\n

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The Anti-CBDC Bill<\/h2>\n

Claiming that President Joe Biden is willing to compromise the American people\u2019s right to financial privacy for a surveillance style CBDC, Emmer said he had reintroduced the Bill, which \u201cWould be used to undermine the American way of life.\u201d Supporting this cause, Congressman Rudy Yakym of Indiana said he supports the CBDC Anti-Surveillance State Act to protect individual freedom of the United States people. He announced<\/a>,<\/p>\n

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\u201cProud to support House Majority Whip Tom Emmer\u2019s CBDC Anti-Surveillance State Act to stop Big Brother and protect Americans\u2019 financial privacy and individual liberties.\u201d<\/p>\n<\/blockquote>\n

Tom Emmer\u2019s Pro-Crypto Stance<\/h2>\n

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Emmer\u2019s active participation in the US lawmaking comes as part of a larger initiative in favor of the crypto ecosystem in the US. Recently, CoinGape reported<\/a> the Congressman\u2019s criticism of the U.S. Securities and Exchange Commission Chair Gary Gensler. He indicated that the SEC Chair resorted to weaponizing taxpayer dollars. In general, the SEC has been accused of wasting resources in fighting court cases against multiple crypto entities like Ripple, Binance<\/a> and Coinbase<\/a>.<\/p>\n

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Also Read: XRP, Solana, Cardano (ADA) Records Inflows From Institutional Investors<\/strong><\/a><\/p>\n

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