Tom Emmer’s Anti-CBDC Bill Getting backed by “Coalition Support”

The post Tom Emmer’s Anti-CBDC Bill Getting backed by “Coalition Support” appeared first on Coinpedia Fintech News

Tom Emmer has been garnering support from varied stakeholders this week over his take on the Anti CBDC bill with over 120 cosponsors. Questions and controversies are going on over the integrity of the financial system. The Blockchain Association has also voiced its concerns questioning the government’s ability to exercise control over people’s funds and personal data. Some supporters highlight positives like enhanced efficiencies, while critics raise serious privacy concerns which can lead to increased surveillance and restricted access and thereby interfering with their constitutional rights.