Update on the Central Bank Digital Currency Anti-Surveillance State Act

This important legislation may be coming up for a full Congressional vote in the House of Representatives soon.

Here I reported that House Majority Whip Tom Emmer, R-Minn., had reintroduced the Central Bank Digital Currency Anti-Surveillance State Act, a Republican-backed bill that aims to prevent the Federal Reserve and its member banks from issuing a digital version of the dollar (CBDC) and using it to implement monetary policy.

The bill has been passed out of t…