U.S. Congressman warns CBDCs ‘threaten to destroy the American way of life’
Congressman Tom Emmer spoke in the House of Representatives against Central Bank Digital Currencies (CBDCs), warning they are surveillance tools. Emmer has been against the U.S. current CBDC project for a while and is now doubling down on his stance. Notably, the Congressman’s most recent appearance was in a video shared through his official X account on May 22. Before that, Tom Emmer gave an interview to Bloomberg on May 20, addressing a similar stance. According to him, the House of Republicans will take action to prevent the Federal Reserve from issuing a CBDC. In this most recent speech, the U.S. Congressman warned CBDCs “ threaten to destroy the American way of life.” This was said while Tom Emmer presented the “CBDC Anti-Surveillance State Act.” Picks for you Here’s when Ethereum (ETH) could hit $5,000...