TechFlow news, April 3 — According to The Block, the U.S. House Committee on Financial Services passed the "Anti-CBDC Surveillance State Act" (H.R. 1919) on Wednesday by a vote of 27 in favor and 22 opposed. The bill, introduced by Republican House Majority Whip Tom Emmer, aims to prevent central bank digital currencies from being used for monetary policy and prohibits the Federal Reserve from directly providing financial services to individuals. Emmer stated that the bill ensures America's digital monetary policy remains in the hands of the American people rather than executive agencies. This move echoes President Trump's January executive order protecting American citizens from the threats posed by CBDCs. Meanwhile, the committee also advanced stablecoin regulatory legislation, establishing a framework for dollar-backed stablecoins to enhance their global competitiveness.
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