🚨 CBDC Apocalypse Averted? (Maybe) 🤔

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Oh joy, oh rapture! The U.S. government has taken a teensy step back from the brink of total financial Big Brother-dom. 🙌 A bill that’s essentially a big, fat “HELL NO” to the Federal Reserve’s central bank digital currency (CBDC) plans just passed the House Financial Services Committee with a thrilling 27-22 vote. Edge. Of. Your. Seat. 📺

Rep. Tom Emmer (R-Minnesota), the third-ranking Republican in the House (aka the guy who’s really good at counting to three), is the mastermind behind the “Anti-CBDC Surveillance State Act”. Because, you know, “surveillance state” is just a fancy way of saying “Tuesday for the government”. 🕵️‍♂️

if this bill becomes law, Fed banks can’t issue CBDCs, which Emmer & Co. claim are just “tools for financial surveillance” in disguise. Think of it like your nosy aunt, but instead of asking about your love life, she’s tracking your every coffee purchase. ☕️

As Emmer so eloquently put it, “A CBDC is government-controlled programmable money… that could give the federal government unilateral authority to surveil Americans’ transactions and restrict politically unpopular activity.” You know, just your run-of-the-mill, totally-not-Orwellian stuff. 📚

And because we love a good cautionary tale, Emmer reminds us of China’s CBDC shenanigans (spending habits, tracked!) and Canada’s, ahem, “creative” use of financial systems to quiet those rowdy truckers in 2022. 🚚

In other news, Emmer’s been on this anti-CBDC kick since 2022, and last month, he joined forces with Rep. Ritchie Torres (D-NY) to launch the bipartisan “Congressional Crypto Caucus” – because what Washington really needed was another caucus. 🤝

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2025-04-04 22:02