House Majority Whip Tom Emmer (R-MN) believes the Biden administration is “currently itching to create a digital authoritarian-style, surveillance-style digital dollar through an executive order.” The accusation comes as the congressman introduced the CBDC Anti-Surveillance State Act to hold the Federal Reserve accountable for its research into the digital dollar.
From Zero Hedge:
“We need these common-sense guardrails to prevent unelected bureaucrats here in Washington from sacrificing Americans’ right to financial privacy,” he said. “We do not want to emulate the CCP. We should not be taking our direction from the Communist Party of China.” In March 2022, President Biden signed an executive order that requested the Federal Reserve to continue its ongoing CBDC research, experimentation, and evaluation to determine the benefits and risks of a digital dollar.