U.S. House Financial Services Committee votes to pass Congressman Tom Emmer’s “Ban CBDC Bill”

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MarsBit
04-03
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Mars Finance News, on April 3, according to The Block, the U.S. House Financial Services Committee voted to pass Senator Tom Emmer's "Ban CBDC Act". The aim is to prevent the central bank from formulating monetary policies through digital currencies and prohibit the Federal Reserve from directly providing financial services to individuals. Tom Emmer stated that the bill ensures that U.S. digital currency policies remain in the hands of the American people rather than administrative agencies. This move echoes the executive order signed by President Trump in January to protect U.S. citizens from the threat of CBDC. At the same time, the committee also advanced stablecoin regulatory legislation, establishing a framework for U.S. dollar-pegged stablecoins to enhance their global competitiveness.

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