U.S. House of Representatives member Rudolph Yakym announced support to the anti-CBDC Bill introduced by House Majority Whip Tom Emmer. Earlier on September 12, 2023, Emmer had reintroduced the CBDC Anti-Surveillance State Act, to halt “The efforts of unelected bureaucrats in Washington, D.C. from issuing a central bank digital currency (CBDC).” Emmer, joined by 50 original cosponsors, claimed that the CBDCs damage Americans’ right to financial privacy.
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The Anti-CBDC Bill
Claiming that President Joe Biden is willing to compromise the American people’s right to financial privacy for a surveillance style CBDC, Emmer said he had reintroduced the Bill, which “Would be used to undermine the American way of life.” Supporting this cause, Congressman Rudy Yakym of Indiana said he supports the CBDC Anti-Surveillance State Act to protect individual freedom of the United States people. He announced,
“Proud to support House Majority Whip Tom Emmer’s CBDC Anti-Surveillance State Act to stop Big Brother and protect Americans’ financial privacy and individual liberties.”
Tom Emmer’s Pro-Crypto Stance
Emmer’s active participation in the US lawmaking comes as part of a larger initiative in favor of the crypto ecosystem in the US. Recently, CoinGape reported the Congressman’s criticism of the U.S. Securities and Exchange Commission Chair Gary Gensler. He indicated that the SEC Chair resorted to weaponizing taxpayer dollars. In general, the SEC has been accused of wasting resources in fighting court cases against multiple crypto entities like Ripple, Binance and Coinbase.
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