Anti-CBDC Bill Advances After Tight House Committee Vote

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Emmer’s Anti-CBDC Bill Advances After Tight House Committee Vote

Written by Aaron S.,

Editor-In-Chief

Last Updated: April 04, 2025

Key Takeaways

A US House committee approved a bill to block the launch of a central bank digital currency;
The bill aims to stop the Fed from issuing a digital dollar or partnering with others to do so;
Supporters say a CBDC could lead to government surveillance and limits on personal spending choices.

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Emmer’s Anti-CBDC Bill Advances After Tight House Committee Vote

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A US congressional committee has approved a bill to block the launch of a government-backed digital currency.

The central bank digital currency (CBDC) Anti-Surveillance State Act passed the House Financial Services Committee with a close vote of 27–22.

Representative Tom Emmer of Minnesota said the measure is meant to stop the Federal Reserve from creating a digital version of the dollar.

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The bill does not just block the Fed from issuing a CBDC directly. It also prevents the central bank from working with private companies to do so on its behalf. Additionally, it would stop the Fed from using digital currency to shape economic policy.

During the committee hearing, Emmer said the government should not be in the business of tracking how people spend their money. In his view, a government-backed digital dollar, unlike decentralized options like Bitcoin BTC $87,438.18 , would give too much power to federal agencies.

He warned that if privacy protections are not included, it could lead to restrictions on what people are allowed to buy.

Emmer also pointed to China’s digital yuan and suggested it might be used to monitor spending. He also referenced Canada’s freezing of protester accounts in 2022 as another example of how financial systems can be used to limit freedoms.

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