The CBDC Anti-Surveillance State Act passed in a bipartisan vote of 216-192. 213 Republicans in favor, 3 Democrats voted for the bill, 192 Democrats opposed it.
Coin Telegraph provides more details:
The bill, which must still face a vote in the Senate, amends the Federal Reserve Act of 1913 to prohibit Federal Reserve banks “from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes.”
The Republican-backed bill’s debate was sparsely attended. Republican supporters spoke about the potential for the abuse of a central bank digital currency (CBDC), while Democrats concentrated on innovation, the dollar’s international competitiveness and the bill’s poor drafting.
French Hill, the Chairman of the Financial Services Committee Subcommittee on Digital Assets, Financial Technology and Inclusion, said:
We live in a world where the government can abuse the tools it has.
Representative Mike Flood reused his rhetorical device urging the audience to “imagine the politician you despise the most” with control over a CBDC.
Financial Services Committee member Warren Davidson called Project Hamilton “the same creepy surveillance tool” as China’s digital yuan. He said the pilot project “could be developed to something further.” The Fed was not responding to dialog, so it must respond to law, he said.
That idea was echoed by Rep. Alexander Mooney, author of an amendment to the bill that restricted CBDC research, who said a CBDC should not be “available at a moment’s notice.”
Frequent references were made to the digital yuan and the blockage of bank accounts in Canada during a trucker drivers’ demonstration against COVID-19 vaccination. Warren also mentioned George Orwell—author of the novel 1984—the New Testament Book of Revelations and the Deathstar—a device in the Star Wars film franchise—in his arguments. Marjorie Taylor Greene spoke about the “deep state” and the “Democrat regime.”
The exact implications of the bill were also disputed. Brad Sherman called the bill a “word salad” that favored “crypto bros.” He added that no one would be required to use a CBDC.
While Republican arguments focused on a retail CBDC, Financial Services Committee ranking member Maxine Waters claimed the bill could be construed to ban a wholesale CBDC as well. Waters argued that the bill would “risk undermining the primacy of the U.S. dollar” globally.
The bill could also be interpreted to ban Federal Reserve holdings of bank reserves, which is necessary to administer payment systems, Waters said:
[The bill] blocks the American economy as it operates today and has for decades.
Waters also mentioned zero-knowledge proof technology that could guarantee user privacy. Dollar-pegged stablecoins could lose their value in a run, while a CBDC could not, she added.
Financial Services Committee member Jake Auchincloss said that his proposed bill, “Power of the Mint Act,” would accomplish similar goals without the drawbacks of the bill under consideration, but it had been blocked by Republicans.
The CBDC Anti-Surveillance State Act was introduced into the House by Rep. Tom Emmer in February 2023. It passed by a vote of 216-192.
AUTHOR COMMENTARY
So the same Congress that passed a bill that criminalizes and claims you are “antisemitic” for criticizing Israel, their government, or daring to say that the Jews killed Jesus Christ – which was predominantly Republicans over Democrats – is now going to look out for your freedoms and civil liberties?
This is just a shew bill, a dog & pony show. I highly doubt this will pass the Senate, let alone even get picked up, and Biden would in all likelihood veto it.
The digital trap – digital IDs, CBDCs, tokenization, AI surveillance and monitoring – is here and now and it’s not going anywhere. The central banks control these puppets, they make the rules, they dictate where things are going to go.
Proverbs 22:7 The rich ruleth over the poor, and the borrower is servant to the lender.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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Jacob. Speaking of a Vote: I see that the WHO vote (5/23/24)to give them total control , was shot down! This obviously is Good News for now, but the article said they will be in on going meetings from May 27 thru June 7.
The same creepy surveillance tool as Bill Gates Windows 11. We are headed towards a George Orwell / Kim Jong Un type of surveillance society where the presumtion of Guilt until proven ìnnocente takes presidence.