The CBDC Anti-Surveillance Act gains momentum with the support of 75 co-sponsors, including Emmer and Trump

Due to privacy concerns, Trump and Emmer oppose the CBDC. Potentially preventing CBDC’s widespread adoption are state measures.

On the issue of financial privacy and government monitoring, Representative Tom Emmer has joined former President Trump in opposing Central Bank Digital Currencies (CBDCs).

Both former President Trump and United States Representative Tom Emmer have publicly opposed central bank digital currencies (CBDCs), viewing them as a threat to financial privacy and an increase in government monitoring.

Emmer shared the same worries expressed by the two on January 19 via the social networking site X (formerly Twitter), echoing Trump’s apprehensions about the possible effects of CBDCs on individuals’ financial privacy.

While campaigning in New Hampshire, former President Donald Trump laid out his strong opposition to CBDCs and promised to stop the Federal Reserve from implementing one if he were to be reelected.

The threats of de-banking and political actors’ possible currency abuse are Trump’s main worries, and he stresses the significance of protecting Americans’ financial privacy.

Tom Emmer, the current majority whip of the United States House of Representatives, has publicly stated his intention to work with Donald Trump to fight what they see as the growth of the surveillance state.

Emmer has introduced the CBDC Anti-Surveillance State Act, which has 75 co-sponsors, and has taken a proactive approach on this matter.

In a move that exemplifies Emmer’s commitment to defending the digital privacy rights of Americans, the proposed law would prohibit the government from monitoring people’s financial activities.

The united opposition to CBDCs held by Trump and Emmer extends beyond the national arena. The establishment of CBDCs inside their respective boundaries is being met with opposition from many states. These states include Tennessee, South Dakota, Utah, and South Carolina.

There are bills in several states that would specifically exclude CBDCs from the money definition, which might make their adoption very difficult.

There has been a lot of buzz about the collection of non-fungible tokens (NFTs) that former President Donald Trump has released. In his NFT collection, Trump has amassed 1,075 Ether so far. His most recent offering showcases his notorious photo from August 2023, when he was apprehended in Georgia.

Despite his adamant opposition to CBDC expansion, Trump’s involvement in the creation of digital technologies is evident from his foray into NFTs.

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