{"id":18535,"date":"2023-03-10T04:31:01","date_gmt":"2023-03-10T04:31:01","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/us-representative-campaigns-to-block-digital-dollar-plans-over-privacy-concerns\/"},"modified":"2023-03-10T04:31:01","modified_gmt":"2023-03-10T04:31:01","slug":"us-representative-campaigns-to-block-digital-dollar-plans-over-privacy-concerns","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/us-representative-campaigns-to-block-digital-dollar-plans-over-privacy-concerns\/","title":{"rendered":"US Representative Campaigns to Block Digital Dollar Plans over Privacy Concerns"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Rep. Tom Emmer, the Majority Whip and third-ranking Republican in the U.S. House of Representatives, is pushing a bill to prevent the U.S. Federal Reserve from issuing a central bank digital currency (CBDC).\n<\/p>\n

He believes the Biden administration\u2019s proposed digital dollar would enable the collection of sensitive financial information of citizens. Emmer claims a CBDC could be used as a \u201csurveillance tool,\u201d<\/em><\/strong> allowing the government to limit unpopular activity.<\/p>\n

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Despite the Treasury Department\u2019s endorsement of a digital dollar, the Fed has said it is still conducting research on the topic. Emmer, who is supportive of the crypto industry, asserts that the introduction of a digital dollar could be detrimental to Americans\u2019 financial privacy.\n<\/p>\n

Speaking at the Cato Institute on Thursday, Emmer stated:\n<\/p>\n

\u201cRecent actions from the Biden administration make it clear that they\u2019re not only itching to create a digital dollar, but they\u2019re willing to trade Americans\u2019 right to financial privacy for surveillance-style CBDC.\u201d<\/em><\/p>\n

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(Originally posted on : Crypto News – iGaming.org ) Rep. Tom Emmer, the Majority Whip and third-ranking Republican in the U.S. House of Representatives, is pushing a bill to prevent the U.S. Federal Reserve from issuing a central bank digital currency (CBDC). He believes the Biden administration\u2019s proposed digital dollar would enable the collection of […]<\/p>\n","protected":false},"author":5,"featured_media":18536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/18535"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=18535"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/18535\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/18536"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=18535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=18535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=18535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}