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HomeBusinessRegulationUS Congressman Rudolph Yakym Supports Anti-CBDC Bill

US Congressman Rudolph Yakym Supports Anti-CBDC Bill



Anvesh Reddy

U.S. House of Representatives member Rudolph Yakym announced support to the anti-CBDC Bill introduced by House Majority Whip Tom Emmer. Earlier on September 12, 2023, Emmer had reintroduced the CBDC Anti-Surveillance State Act, to halt “The efforts of unelected bureaucrats in Washington, D.C. from issuing a central bank digital currency (CBDC).” Emmer, joined by 50 original cosponsors, claimed that the CBDCs damage Americans’ right to financial privacy.

Also Read: Top Analyst Predicts Bitcoin Price Inflection Point; Bull Run Confirmed?

The Anti-CBDC Bill

Claiming that President Joe Biden is willing to compromise the American people’s right to financial privacy for a surveillance style CBDC, Emmer said he had reintroduced the Bill, which “Would be used to undermine the American way of life.” Supporting this cause, Congressman Rudy Yakym of Indiana said he supports the CBDC Anti-Surveillance State Act to protect individual freedom of the United States people. He announced,

“Proud to support House Majority Whip Tom Emmer’s CBDC Anti-Surveillance State Act to stop Big Brother and protect Americans’ financial privacy and individual liberties.”

Tom Emmer’s Pro-Crypto Stance

Emmer’s active participation in the US lawmaking comes as part of a larger initiative in favor of the crypto ecosystem in the US. Recently, CoinGape reported the Congressman’s criticism of the U.S. Securities and Exchange Commission Chair Gary Gensler. He indicated that the SEC Chair resorted to weaponizing taxpayer dollars. In general, the SEC has been accused of wasting resources in fighting court cases against multiple crypto entities like Ripple, Binance and Coinbase.

Also Read: XRP, Solana, Cardano (ADA) Records Inflows From Institutional Investors

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Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1,200 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or twitter.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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