An U.s. Representative Agrees With Former President Trump On Central Bank Digital Currency (Cbdc) Views
- Posted on January 23, 2024 6:40 AM
- Economic News
- 215 Views
Representative Tom Emmer expressed concerns about the increasing government surveillance.
U.S. Representative Tom Emmer echoed former President Donald Trump's concerns regarding financial privacy related to central bank digital currencies (CBDC). Emmer, in a statement on January 19, reiterated Trump's worries about the financial privacy implications of CBDCs.
On January 17, during a campaign speech in New Hampshire, Trump once again pledged to block the implementation of CBDCs by the Federal Reserve if he were to be re-elected.
I agree with President Trump; CBDCs pose a serious threat to Americans' right to financial privacy.
— Tom Emmer (@GOPMajorityWhip) January 19, 2024
I look forward to working with him as we continue the fight against the expanding government surveillance state.
U.S. Representative Tom Emmer stated that he shares former President Donald Trump's concerns about CBDCs regarding financial privacy.
In a statement on January 19, Emmer emphasized that Trump reiterated his concerns about the financial privacy of CBDCs.
During a campaign speech in New Hampshire on January 17, Trump once again pledged to block the implementation of CBDCs by the Federal Reserve if re-elected.
Trump's opposition to CBDCs stems from concerns about the risks of banks being liquidated and the potential for politicians to misuse these assets.
Emmer referred to the CBDC Oversight Prevention State Act, emphasizing his commitment to working with Donald Trump and highlighting the support of 75 co-sponsors for this bill.
If the proposed anti-CBDC legislation is passed, it would be a significant step towards limiting state surveillance of citizens' financial transactions.
Despite his opposition to Bitcoin and other cryptocurrencies during his presidency, Trump showed interest in the sector by releasing three NFT collections.
Currently, Trump has managed to earn 1075 Ether from NFT collections, including his infamous mugshot from August 2023 in the latest collection.
Proposed bills opposing CBDCs as the official currency have been introduced in Utah, South Carolina, South Dakota, and Tennessee.
You can follow real-time developments and the latest news in the cryptocurrency markets on Kriptospot.com.
