On May 23, the U.S. House of Representatives members voted for the Republican CBDC Anti-Surveillance State Act (H.R.5403) prohibiting the Federal Reserve from developing or launching a government-backed dollar-pegged digital currency.

"I believe in being strong when everything seems to be going wrong"

Opponents of CBDCs also express worries about potential disruptions to the existing banking system and the broader economy.
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Proponents of the bill argue that a CBDC could be used to track and control individuals' financial activities, thereby infringing on privacy and personal freedoms.
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The bill seeks to prohibit the Federal Reserve from issuing a CBDC, reflecting concerns that such a digital currency could lead to increased government surveillance of private financial transactions.
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