US House Financial Services Committee passes anti-CBDC bill

the U.S. House Financial Services Committee on Wednesday passed the "Anti-CBDC Surveillance Act" (H.R. 1919) with 27 votes in favor and 22 votes against. The bill, introduced by Republican House Majority Whip Tom Emmer, aims to prevent central bank digital currencies from being used for monetary policy and prohibits the Fed from providing financial services directly to individuals. Emmer stated that the bill ensures that U.S. digital currency policy is controlled by the American people rather than by government agencies. This move is in line with the executive order signed by President Trump in January to protect American citizens from the threat of CBDCs. At the same time, the committee also advanced stablecoin regulatory legislation to establish a framework for USD-backed stablecoins to enhance their global competitiveness.