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U.S. House Passes CBDC Anti-Surveillance State Act with 216 to 192 Vote

May 23, 2024, 06:02 PM

The U.S. House of Representatives has passed the CBDC Anti-Surveillance State Act, which prohibits the Federal Reserve from issuing a Central Bank Digital Currency (CBDC). The bill, H.R. 5403, was approved with a vote tally of 216 to 192. The legislation, primarily supported by Republicans and pitched by GOPMajorityWhip, saw only three Democrats voting in favor. The bill aims to protect financial privacy and prevent potential government surveillance associated with CBDCs. The next step for the bill is to be considered by the Senate.