TechFlow news — On March 12, according to Cointelegraph, U.S. Representative Tom Emmer urged Congress to prioritize legislation supporting stablecoins during a House Committee on Financial Services hearing on March 11, while calling central bank digital currencies (CBDCs) a threat to American values.
Emmer reintroduced the "CBDC Anti-Surveillance State Act" in the House on March 6, a bill designed to prevent any future administration from launching a U.S. CBDC without explicit congressional approval. He stated, "CBDC technology is inherently un-American," and warned that allowing unelected bureaucrats to issue a CBDC "could undermine the American way of life."
During the same hearing, Paxos CEO Charles Cascarilla urged lawmakers to establish consistent, cross-jurisdictional stablecoin regulations to prevent regulatory arbitrage. Emmer emphasized that stablecoins can bring traditional finance on-chain globally while preserving privacy.
