Atlas21
  • ‎
No Result
View All Result
Atlas21
No Result
View All Result
Atlas21
Home Crypto

U.S. House approves anti-CBDC bill

Newsroom by Newsroom
May 27, 2024
in Crypto
digital dollar
Share on FacebookShare on TwitterShare on Linkedin

U.S. House approves the bill to prevent the Federal Reserve from issuing a CBDC: now it moves to the Senate.

On May 23, the U.S. House of Representatives passed the CBDC Anti-Surveillance State Act. The bill, H.R. 5403, was supported by 213 Republicans and three Democrats who voted in favor, while 192 Democrats opposed it. Introduced by Republican Representative Tom Emmer of Minnesota, the bill aims to prohibit the Federal Reserve from issuing a CBDC.

Supporters of the bill argue that a CBDC in the United States could lead to government overreach and control over citizens’ financial activities. On the contrary, opponents argue that such concerns are exaggerated and that the ban could hinder innovation and research in the public sector related to digital currencies.

Following the approval, Emmer stated:

My legislation ensures that the United States' digital currency policy remains in the hands of the American people so that any development of digital money reflects our values of privacy, individual sovereignty, and free market competitiveness.

— Tom Emmer (@GOPMajorityWhip) May 23, 2024

Despite the approval in the House, the future of the bill remains uncertain. The bill will now have to pass into the hands of the Senate, predominantly controlled by Democrats, where it will undergo further scrutiny and debates. If approved by the Senate and signed by President Biden, it would entail a prohibition for the Fed to issue a CBDC. At that point, the issuance of a CBDC by the U.S. central bank would only be possible with permission officially granted by a vote of Congress.

Previous Post

SEC approves eight spot Ethereum ETFs: what’s missing for their debut on the markets

Next Post

Maxim Orlovsky: ‘RGB as the basis for a new legal system for a decentralized society’

Latest News

Tuscany Lightning Summit 2025: LN come linguaggio comune dell’ecosistema Bitcoin
Bitcoin

Tuscany Lightning Summit 2025: LN as a common language of the Bitcoin ecosystem

by Newsroom
May 9, 2025
0

Report on the event dedicated to Bitcoin protocol's main layer 2, organized by Fulgur Ventures.

Read moreDetails
stablecoin
Crypto

Meta considers stablecoin integration: the tech giant returns to the crypto world

by Newsroom
May 9, 2025
0

Social media giant Meta is exploring stablecoins for payments across its platforms.

Read moreDetails
arizona
Bitcoin

Arizona grabs abandoned bitcoins: the State reserve is born

by Newsroom
May 9, 2025
0

Arizona launches its Bitcoin and digital asset reserve fund by signing House Bill 2749, which allows the state to claim...

Read moreDetails
bitcoin
Bitcoin

Florida says no to Bitcoin: state treasury bills withdrawn

by Newsroom
May 9, 2025
0

Florida drops proposals for Bitcoin investments, while other U.S. states continue the race for a strategic reserve.

Read moreDetails
samourai wallet
Bitcoin

Samourai Wallet vs. the authorities: allegations of evidence concealment

by Newsroom
May 6, 2025
0

The co-founders of Samourai Wallet claim that federal prosecutors concealed FinCEN guidance that would have cleared them of the charges.

Read moreDetails
Atlas21

© 2025 Atlas21

Navigate Site

  • About
  • Home
  • Feature
  • Bitcoin
  • Careers
  • Opinion
  • Interviews
  • Privacy Policy
  • News
  • Learn
  • B2B
  • Press
  • Cookie Policy

Follow Us

No Result
View All Result
  • News
  • Interviews
  • Learn
  • Feature
  • Services
  • Adoption
  • ‎
    • ‎

© 2025 Atlas21

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site, we will assume that you are happy with it.AcceptCookie