Will the plan to adopt a CBDC in the United States experience a setback?

The ambition of the American authorities to implement a digital currency issued by the central bank (CBDC) is not unanimous. If, despite its potential, this project is divisive, it is because many see it as a disguised means of controlling citizens. As a result, some politicians are working to kill the chick in the bud.

A bill to prevent the adoption of the CBDC

The plan to adopt a CBDC in the United States could come to nothing. On Wednesday February 22, Tom Emmer, a member of the American Congress announced that he had initiated a CBDC bill. The text aims to deny the Central Bank of the United States (Fed) the right to implement a monetary policy based on the CBDC. An ambition that, according to the representative, violates the right of citizens to financial confidentiality. This project, he adds, would be at odds with the deepest values ​​of Americans.

“Any digital version of the dollar must respect our American values ​​of privacy, individual sovereignty, and free market competitiveness. Any project that offers less opens the door to the development of a dangerous surveillance tool,” Emmer said.

A stick in the wheel of the American CBDC?

Beyond this clear position, in the United States, Tom Emmer is perceived in public opinion as an enthusiastic crypto. He has regularly positioned himself as an advocate for the crypto industry. This, by calling on the authorities of the United States to slow down on their ambition to regulate the sector.

However, he does not fail to protest against the relentlessness of regulators to intervene in this sector. Recently, he invited the head of the Securities and Exchange Commission (SEC), Gary Gensler, to debate the subject in the United States Congress.

For many Americans, Tom Emmer is the voice of those against the CBCD project. Several crypto industry players like bitcoiner Dan Held applauded his fight. But can he block, with his project, the machine already in motion? Nothing is less certain, but he is an important member of the House of Representatives. As such, he can influence and coordinate the votes of members of the House. The stakes of the CBDC are such that this development will have to be followed.

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