Republican lawmakers call for permanent CBDC ban as House vote approaches
Tom Emmer, the House majority whip, is also advocating for his Anti-CBDC Surveillance State Act, which has passed the House but has yet to pass the Senate....
Key takeaways
- 1Republican lawmakers push for permanent US CBDC ban via 21st Century ROAD to Housing Act, currently set for House vote this week.
- 2Tom Emmer's Anti-CBDC Surveillance State Act passed the House but awaits Senate approval to permanently block Federal Reserve from issuing CBDCs.
- 3Only three countries—Nigeria, Jamaica, Bahamas—have deployed CBDCs; 41 others remain in pilot phase globally.
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Why it matters
US regulatory stance on CBDCs affects global crypto adoption trends and India's own digital rupee considerations. A permanent US ban could influence other nations' CBDC policies and boost decentralized crypto alternatives preferred by Indian retail investors.
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