🇺🇸 The US should support stablecoin laws, not CBDCs – US Rep. Tom Emmer 🔥
🚨 Bill introduced to ban CBDCs – US Rep. Tom Emmer again pushed the “Anti-CBDC Surveillance State Act”, which would prevent the Federal Reserve from issuing CBDCs without congressional approval.
🛑 CBDCs threaten financial privacy? – Emmer says CBDCs could increase government control over people’s private financial information, which is against “American values”.
💰 Stablecoins are a better option – He believes that with the right regulations, stablecoins can strengthen the digital dollar and maintain privacy.
🏛️ Support from banks and industry experts – Paxos CEO Charles Cascarilla and many banking groups are opposed to CBDCs and in support of stablecoin regulations.
👉 Should the US avoid CBDCs and adopt stablecoins? Share your opinion in the comments!
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