BTC

$61600.243

1.04%

ETH

$3393.877

0.26%

BNB

$576.555

1.02%

XRP

$0.472

-0.48%

News

CBDC Trojan Horse: US Congressman’s Warning On Global Elite Control

September 21, 2023 - Around 2 mins mins to read

Key Points:

  • Congressman Ronny Jackson calls CBDC trojan horse for privacy invasion.
  • He supports the CBDC Anti-Surveillance State Act to combat this threat.
  • The fate of the bill is uncertain as it faces potential challenges in the House and Senate.
CBDC Trojan Horse: US Congressman Ronny Jackson warns that CBDCs could be a Trojan horse for global elites, backing the Anti-Surveillance State Act.
CBDC Trojan Horse: US Congressman's Warning On Global Elite Control

US Congressman Ronny Jackson has expressed his reservations about the concept of Central Bank Digital Currency (CBDC), calling it a potential “trojan horse” for global elites seeking to wield more control.

CBDC: Trojan Horse or Financial Innovation?

In response to House Majority Whip Tom Emmer’s efforts to push forward a new bill related to CBDC, Jackson has thrown his support behind the fight against this digital currency.

Representing Texas in Congress, Jackson argues that CBDCs could be weaponized against the privacy of ordinary citizens. He goes further to claim that “global elites want to use it to control YOUR freedom.”

To counter these concerns, Jackson proudly announced his role as a co-sponsor of the CBDC Anti-Surveillance State Act, which received approval from the House committee just yesterday. The bill is now on its way to the House of Representatives.

Congressman Jackson’s Opposition to CBDC Surveillance

The bill introduced by US Congressman Tom Emmer aims to prohibit the Federal Reserve from developing a CBDC in the future. It also precludes any CBDC pilot programs before they are even proposed. Emmer emphasizes the importance of protecting privacy, individual sovereignty, and free market competitiveness when discussing CBDCs.

While the fate of the bill’s approval in the House remains uncertain, its prospects in the Senate are even more doubtful. The Senate majority is held by Democrats, and their stance on the Republican-introduced bill may differ significantly. The debate surrounding CBDCs as a potential trojan horse for global control continues to intensify on Capitol Hill.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

# CBDC

CBDC

CBDC Anti-Surveillance State Act

CBDC Trojan Horse

US Congressman Ronny Jackson

Avatar of Thana

Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
News

CBDC Trojan Horse: US Congressman’s Warning On Global Elite Control

Key Points:

  • Congressman Ronny Jackson calls CBDC trojan horse for privacy invasion.
  • He supports the CBDC Anti-Surveillance State Act to combat this threat.
  • The fate of the bill is uncertain as it faces potential challenges in the House and Senate.
CBDC Trojan Horse: US Congressman Ronny Jackson warns that CBDCs could be a Trojan horse for global elites, backing the Anti-Surveillance State Act.
CBDC Trojan Horse: US Congressman's Warning On Global Elite Control

US Congressman Ronny Jackson has expressed his reservations about the concept of Central Bank Digital Currency (CBDC), calling it a potential “trojan horse” for global elites seeking to wield more control.

CBDC: Trojan Horse or Financial Innovation?

In response to House Majority Whip Tom Emmer’s efforts to push forward a new bill related to CBDC, Jackson has thrown his support behind the fight against this digital currency.

Representing Texas in Congress, Jackson argues that CBDCs could be weaponized against the privacy of ordinary citizens. He goes further to claim that “global elites want to use it to control YOUR freedom.”

To counter these concerns, Jackson proudly announced his role as a co-sponsor of the CBDC Anti-Surveillance State Act, which received approval from the House committee just yesterday. The bill is now on its way to the House of Representatives.

Congressman Jackson’s Opposition to CBDC Surveillance

The bill introduced by US Congressman Tom Emmer aims to prohibit the Federal Reserve from developing a CBDC in the future. It also precludes any CBDC pilot programs before they are even proposed. Emmer emphasizes the importance of protecting privacy, individual sovereignty, and free market competitiveness when discussing CBDCs.

While the fate of the bill’s approval in the House remains uncertain, its prospects in the Senate are even more doubtful. The Senate majority is held by Democrats, and their stance on the Republican-introduced bill may differ significantly. The debate surrounding CBDCs as a potential trojan horse for global control continues to intensify on Capitol Hill.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Visited 127 times, 1 visit(s) today