House of Representatives Blocks Fed’s CBDC Plans with New Legislation


The purpose of Bill is to shield citizens from possible Federal Reserve financial surveillance.

Stay in the know on crypto by frequently visiting Crypto News Today

According to the Washington Examiner, the House of Representatives passed the CBDC Anti-Surveillance State Act by a vote of 216–192, thereby forbidding the Federal Reserve from creating a central bank digital currency (CBDC).

CryptoCaster Quick Check:

House Majority Whip Tom Emmer (R-MN) supported the bill, which attempts to protect financial privacy and stop government overreach. Because of the legislation’s concerns about the collection of personal financial data, the Fed is not allowed to distribute CBDCs to individuals directly or indirectly.


Additionally, it prohibits the central bank from implementing monetary policy through a CBDC.

Emmer has harshly denounced the possibility that a CBDC would imitate the surveillance instruments employed by autocratic governments, using the digital yuan as an illustration. He says the bill is essential to preserving individual sovereignty, privacy, and a free market that is competitive.

While conservative organizations like Heritage Action support the bill as a safeguard against government meddling in people’s personal finances, some Democrats contend that it could reduce the US’s competitive advantage in the development of digital currencies.

Prior to this, the Federal Reserve investigated the idea of a CBDC, conducting a trial with big banks and inviting public feedback to determine interest and concerns.CRYPTOCASTER® - DECENTRALIZED FREEDOM!

We hope you appreciated this article. Before you move on, I was hoping you would consider taking the step of supporting CryptoCaster’s journalism. 

From  Elon Musk, Larry Fink(BlackRock) to Jamie Dimon(JP Morgan Chase) a number of billionaire owners have a powerful hold on so much of the hidden agendas’ which eludes the public concerning the paradigm shift juxtaposed by cryptocurrency and web3 emerging technologies. CryptoCaster is different. We have no billionaire owner or shareholders to consider. Our journalistic efforts are produced to serve the public interest in crypto development and institutional disruptions – not profit motives.

And we avoid the trap that befalls much U.S. and global media – the tendency, born of a desire to please all sides, to engage in false equivalence in the name of neutrality and retail consumer protection. While fairness and transparency dictates everything we do, we know there is a right and a wrong position in the fight against fiat global banking interest and monetary reconstruction precipitated by the emerging crypto ecology.

When we report on issues like the FTX, Binance and Ripple crisis, we’re not afraid to name who or what is uncovered. And as a crypto sentinel, we’re able to provide a fresh, outsider perspective on the global monetary disruption – one so often missing from the insular American and European media bubble. 

Around the world, readers can access the CryptoCaster’s paywall-free journalism because of our unique reader-supported model. That’s because of people like you. Our readers keep us independent, beholden to no outside influence and accessible to everyone – whether they can afford to pay for news and information, or not.

We thankyou for the on-going support our readers have bestowed monetarily. If you have not considered supporting CryptoCaster, if you can, please consider supporting us just once from $1 or more of Bitcoin (satoshi) or Eth, and better yet, support us every month with a little more. Scroll further down this page to obtain CryptoCaster’s wallet addresses.

Thank you.

Kristin Steinbeck
Editor, CryptoCaster

Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.

Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt


You may also like