My plan to protect Americans’ financial privacy in a digital economy
==========
Rep. Tom Emmer (R-Minn.) discusses his plan to protect Americans' financial privacy in a digital economy. He criticizes the concept of a central bank digital currency (CBDC) as being antithetical to American values of privacy, individual sovereignty, and free market competitiveness. He warns that a CBDC could give the federal government the ability to surveil and restrict Americans' transactions. Emmer highlights examples of governments using their financial systems to control citizens' access to funds. He expresses concern about the Biden administration's interest in creating a surveillance-style CBDC to compete with other nations. Emmer introduces the CBDC Anti-Surveillance State Act, which aims to prevent the issuance of a digital financial surveillance tool and protect digital dollar innovation. The bill has gained momentum and support from industry stakeholders, and a Senate companion bill has been reintroduced by Sen. Ted Cruz (R-Texas). Emmer emphasizes the importance of upholding American values and ensuring that the digital economy is designed with privacy and individual sovereignty in mind.
#FinancialPrivacy #DigitalEconomy #CentralBankDigitalCurrency #Cbdc #AmericanValues #Surveillance #Privacy #IndividualSovereignty #FreeMarketCompetitiveness #Legislation #DigitalDollar #BidenAdministration #TomEmmer #TedCruz
https://thehill.com/opinion/congress-blog/4553064-my-plan-to-protect-americans-financial-privacy-in-a-digital-economy/
The Hill /
npub1uf…vwj43
2024-03-25 15:46:51
Author Public Key
npub1uf9ht809jfjawes35uqsxnj7hyjqsdyxypewh4d869swy74vldeq0vwj43Published at
2024-03-25 15:46:51Event JSON
{
"id": "becea445b5a93e84150b9fdbc3da038a7f78dd385c11580a99a5fc5a799dfcb6",
"pubkey": "e24b759de59265d76611a701034e5eb9240834862072ebd5a7d160e27aacfb72",
"created_at": 1711381611,
"kind": 1,
"tags": [],
"content": "My plan to protect Americans’ financial privacy in a digital economy\n==========\n\nRep. Tom Emmer (R-Minn.) discusses his plan to protect Americans' financial privacy in a digital economy. He criticizes the concept of a central bank digital currency (CBDC) as being antithetical to American values of privacy, individual sovereignty, and free market competitiveness. He warns that a CBDC could give the federal government the ability to surveil and restrict Americans' transactions. Emmer highlights examples of governments using their financial systems to control citizens' access to funds. He expresses concern about the Biden administration's interest in creating a surveillance-style CBDC to compete with other nations. Emmer introduces the CBDC Anti-Surveillance State Act, which aims to prevent the issuance of a digital financial surveillance tool and protect digital dollar innovation. The bill has gained momentum and support from industry stakeholders, and a Senate companion bill has been reintroduced by Sen. Ted Cruz (R-Texas). Emmer emphasizes the importance of upholding American values and ensuring that the digital economy is designed with privacy and individual sovereignty in mind.\n\n#FinancialPrivacy #DigitalEconomy #CentralBankDigitalCurrency #Cbdc #AmericanValues #Surveillance #Privacy #IndividualSovereignty #FreeMarketCompetitiveness #Legislation #DigitalDollar #BidenAdministration #TomEmmer #TedCruz\n\nhttps://thehill.com/opinion/congress-blog/4553064-my-plan-to-protect-americans-financial-privacy-in-a-digital-economy/",
"sig": "fad359cc715ed7c6733d7602e80381af3f6b8c784d088a24e752c775f7d6efc8df030ae7fbcce2ad2a6b5f8eba00984271d6e312cbd0a98c119747d297c734f0"
}