In a party line vote, the U.S. House of Representatives has passed a bill aimed at preventing the Federal Reserve from developing a central bank digital currency (CBDC). The legislation, known as the CBDC Anti-Surveillance State Act, was introduced by Majority Whip Tom Emmer (R-Minn.) and has sparked significant debate along party lines. Republicans, led by Emmer, argue that a U.S. CBDC could pave the way for government overreach and surveillance. Emmer has expressed fears that a digital dollar would allow the federal government to monitor Americans’ transactions closely, potentially stifling politically unpopular activities. The perspective aligns with that of

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