"Ban CBDC's NOW!" Congressman pushes total BAN on Central Bank Digital Currency | Redacted News

Minnesota Representative Tom Emmer proposed a ban on central bank digital currencies this week. The bill that would halt the federal government from issuing a central bank digital currency. It is called the CBDC Anti-Surveillance Act. The bill says that crypto currency should not be owned by governments. This distinction is missed by most people and it is an important one. CBDCs are NOT cryptocurrencies. By definition, cryptocurrencies must be deregulated, untraceable and outside of government control. CBDCs are the opposite of that. They are issued, monitored and regulated by federal governments. A CBDC is a scary concept in the hands of the government. Not only would this increase the cost to bank because it would get rid of interest-bearing accounts, it would also give the government the ability to enact policy through your money and act as the bank.

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About Clayton and Natali Morris:
Clayton Morris is a former Fox News anchor. In Redacted, Clayton and his wife Natali take an in-depth look at the legal, social, financial, and personal issues that matter to you. They want to set the record straight and bring you the stories nobody else tells. Along with the facts and the complete picture, Redacted offers real-world analysis without an agency driven by corporate overloads. With Clayton’s extensive journalism experience, he isn’t afraid to demand the truth from authorities. Redacted is an independent platform, unencumbered by external factors or restrictive policies, on which Clayton and Natali Morris bring you quality information, balanced reporting, constructive debate, and thoughtful narratives.

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