US House Financial Services Committee passes anti-CBDC bill

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According to ChainCatcher, citing The Block, the U.S. House Financial Services Committee passed the "Anti-CBDC Surveillance State Act" (H.R. 1919) with 27 votes in favor and 22 votes against. The bill, proposed by Republican House Majority Whip Tom Emmer, aims to prevent central bank digital currencies from being used for monetary policy and prohibit the Federal Reserve from directly providing financial services to individuals.

Emmer stated that the bill ensures that U.S. digital currency policy remains in the hands of the American people, not administrative agencies. This move echoes the executive order signed by President Trump in January to protect U.S. citizens from CBDC threats. Meanwhile, the committee also advanced stablecoin regulatory legislation, establishing a framework for dollar-pegged stablecoins to enhance their global competitiveness.

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