U.S. House Passes Anti-CBDC Surveillance State Act, Opposing Digital Dollar Development
The U.S. House of Representatives has passed the Anti-CBDC Surveillance State Act, a bill designed to prevent the Federal Reserve from researching, developing, or issuing a Central Bank Digital Currency (CBDC) to individuals, either directly or indirectly. This legislative action reflects a stance against government-backed digital currencies, contrasting sharply with the approaches of other major global economies. The Trump administration and its allies in Congress have consistently expressed concerns regarding CBDCs, viewing them as potential tools for surveillance. This bill is nearly identical to a previous version passed in a prior congressional session, indicating a sustained effort to block a U.S. CBDC. While the U.S. is moving to restrict CBDC development, the European Union and China are actively advancing their own digital currency strategies, with the European Central Bank (ECB) expecting to issue its first digital euro in 2029 after a pilot program starting next year. Similarly, China's e-yuan h... 
