House passes bill barring Federal Reserve from issuing digital dollar

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ER Editor: The Hill forgot to mention a couple of things in this article below. We’re giving this for context. First, Trump rolled the Fed into the Treasury in March 2020, during the first Covid lockdown. See this from Gateway Pundit March 29, 2020 —

Good News! President Trump May Finally Have Control Over the Fed and Jerome Powell’s Insane Economic Policies

Commentary from June 2020 by Michael Tellinger —

Trump has Hijacked Rothshilds Central Bank in the USA

Further, the Fed building has been boarded up since around 2022 or even earlier (see this Rumble video from last year)–

We wonder if this has already been done in the background and we’re just hearing about it.

See also this from The Daily Hodl —

US House Passes Bill Banning Federal Reserve From Launching Central Bank Digital Currency

The US House of Representatives just passed a bill aimed at preventing the Federal Reserve from launching a Central Bank Digital Currency (CBDC) without Congressional authorization.

Republican Majority Whip Tom Emmer sponsored H.R. 5403, known as the CBDC Anti-Surveillance State Act, with the stated goal of protecting Americans’ right to privacy.

“My legislation ensures that the United States’ digital currency policy remains in the hands of the American people so that any development of digital money reflects our values of privacy, individual sovereignty, and free market competitiveness.

This is what the future global digital economy needs. We are proud to have led this effort and thank my colleagues for their support.”

The bill passed 216 to 192 along party lines, backed by 213 Republicans.

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House passes bill barring Federal Reserve from issuing digital dollar

JULIA SHAPERO for THE HILL

The House passed a bill Thursday barring the Federal Reserve from issuing a central bank digital currency (CBDC) unless it has explicit authorization from Congress.

The CBDC Anti-Surveillance State Act passed the chamber by a 216-192 vote, almost entirely along partisan lines.

The move is largely symbolic, as the Fed has not put forward plans to issue a CBDC and has repeatedly emphasized that it would not move forward without congressional approval. (ER: what Fed?)

Even so, Republicans, including former President Trump, have voiced concerns about potential government misuse of a CBDC.

A CBDC is a digital version of a currency issued by a central bank. In the U.S., this would entail the Fed issuing a digital dollar that could be used the same way as a regular dollar.

House Majority Whip Tom Emmer (R-Minn.), who introduced the legislation, has argued that a digital dollar “could give the federal government the ability to surveil Americans’ transactions and choke out politically unpopular activity.”

Emmer’s views on the issue track closely with those of Trump, who has vowed to block the creation of a CBDC if reelected.

“As your president, I will never allow the creation of a central bank digital currency,” Trump, who is now the presumptive GOP nominee, said at a rally in New Hampshire in January.

“Such a currency would give a federal government, our federal government, the absolute control over your money,” he added at the time. “They could take your money. You wouldn’t even know it was gone. This would be a dangerous threat to freedom.”

CONTINUE READING HERE

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Published to The Liberty Beacon from EuropeReloaded.com

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1 Comment on House passes bill barring Federal Reserve from issuing digital dollar

  1. Cash is trust. Between people who don’t even know each other, speak different languages and in different territories. Cash is understood in local every day markets, everywhere. A CBDC is the ultimate signal that a government cannot be trusted.

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