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The House Financial Services Committee approved a bill to prevent the Fed from creating US central bank digital currency (CBDC). The bill will now advance to the House of Representatives. US Congressman Tom Emmer introduced the new bill to ban the Federal Reserve from creating a CBDC in the future. The bill bans any CBDC pilot programs before they’re proposed. In addition, it prohibits the Fed from introducing a retail digital currency that could be used for citizen surveillance. Emmer spoke strongly about the CBDC being an issue of “privacy, individual sovereignty, and free market competitiveness.” The new potential bill requires any progress on a government-backed digital token to be empowered by Congress. The bill’s approval in the House is unpredictable, however, its future in the Senate is more doubtful, as its majority is run by Democrats, who may not push ahead with the Republican-introduced bill. The House committee’s counterpart is the Senate Banking Committee, which is led by Democrats. • ꜰᴏʟʟᴏᴡ, ʟɪᴋᴇ, ᴀɴᴅ ꜱʜᴀʀᴇ @ʜᴇᴇᴍᴛᴠ_ ꜰᴏʀ ᴛʜᴇ ᴅᴀɪʟʏ ʙᴜᴢᴢ! 🧢 • ʜᴇᴇᴍᴛᴠ ᴍᴇʀᴄʜᴀɴᴅɪꜱᴇ ᴀᴠᴀɪʟᴀʙʟᴇ ɴᴏᴡ! ▶️ • ꜱᴜʙꜱᴄʀɪʙᴇ ᴛᴏ ᴏᴜʀ ʏᴏᴜᴛᴜʙᴇ ᴄʜᴀɴɴᴇʟ! *(ᴀᴜᴛᴏ-ɢᴇɴᴇʀᴀᴛᴇᴅ ʜᴀꜱʜᴛᴀɢꜱ)* #usnews #news #usa #politics #trump #america #worldnews #maga #covid #republican #gop #republicans #conservatives #newsflash #americafirst #conservative #berniesanders #uknews #americans #politicsnews #sleepyjoe #trumptrain #sleepyjoebiden #liberalssuck #conservativeandproud #bidenisnotmypresident #deplorable #wakeupamerica #saveamerica #trumpsupporter