• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Why BTC Might Explode to $150K 🌕

2025-06-14

Why Bitcoin Core Is Bitcoin

2025-06-14

🔥 Fri Fire: Gold & Oil Up, Bitcoin & Crypto Dive

2025-06-13

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Fully Diluted Valuation (FDV) in Crypto?

    2025-06-12

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    2025-06-09

    What Is Crypto Staking? How to Earn Crypto by Holding It

    2025-06-05

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    2025-06-05

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    2025-06-02
  • Videos

    Why BTC Might Explode to $150K 🌕

    2025-06-14

    Why Bitcoin Core Is Bitcoin

    2025-06-14

    🔥 Fri Fire: Gold & Oil Up, Bitcoin & Crypto Dive

    2025-06-13

    BTC: Lights out for a month or 2!!!

    2025-06-13

    ALTCOIN SEASON START DATE!!!!

    2025-06-13
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»CBDCs could be ‘easily weaponized’ to spy on US citizens: Congressman

CBDCs could be ‘easily weaponized’ to spy on US citizens: Congressman

2023-03-10No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

United States Representative Tom Emmer believes the launch of programmable central bank digital currency in the country could strip American citizens of their financial privacy.

Speaking on March 9 at the Cato Institute, a Washington D.C.-based libertarian think tank, Emmer explained that the programmable CBDC would be “easily weaponized” as a spying tool to “choke out politically unpopular activity,” among other things:

“As the federal government seeks to maintain and expand financial control to which it has grown accustomed, the idea of the central bank digital currency has gained traction within the institutions of power in the United States as a government-controlled programmable money that can be easily weaponized into a surveillance tool.”

The Minnesota congressman introduced the CBDC Anti-Surveillance Act on Feb. 22 to halt the progress of the Digital Dollar Project, which has seen considerable developments in how it would be used since the second version of its white paper was released in mid-January.

“Recent actions from the Biden Administration make it clear that they are not only itching to create a digital dollar but they are willing to trade Americans’ right to financial privacy for the surveillance-style CBDC,” he added.

The Blockchain Regulatory Certainty Act
The Securities Clarity Act
The Safe Harbor for Taxpayers with Forked Assets Act
The CBDC Anti-Surveillance State Act

The future of crypto in the US will be determined by Congress and the American People – not the Administrative State. pic.twitter.com/OQ0uwxjVxX

— Tom Emmer (@GOPMajorityWhip) March 9, 2023

Emmer suggested that the blockchain-enabled “ownership economy” is “threatening” many bureaucrats in Washington, as it “shifts economic power from centralized institutions back into the hands of the people.”

See also  Elizabeth Warren Alleges Foreign Governments Using Crypto Mining Facilities To Spy on US Military Operations

While the latest Federal Reserve discussion paper explained that it would only issue the CBDC in the context of “broad public and cross-governmental support,” Emmer and many others are concerned with the potential dangers that could ensue:

“It not only tracks transaction level data down to the individual user but also the ability to program the CBDC to choke out politically unpopular activity.”

Related: ‘Programmable money should terrify you’ — Layah Heilpern

Emmer also argued that decentralized cryptocurrencies can serve as a solution to the mismanagement of the U.S. monetary system and restore many of the “American values” that led the nation to become an economic powerhouse in the 20th century — privacy, individual sovereignty and free markets.

He added that by even experimenting with CBDCs, the U.S. is going against these values:

“Nothing could be more dangerous than adhering to a manufactured sense of urgency like this and ultimately developing a CBDC that is not open, permissionless and private.”

Source link

CBDCs citizens Congressman easily spy weaponized
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

CBDCs ARE STILL COMING!!!

2025-03-07

The U.S Government LIED To You About CBDC’s

2025-03-05

HUGE Crypto Tax News For US Citizens

2024-11-29

Great News For US Citizens In Crypto

2024-10-03
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Videos

WE TRACKED WHALE WALLETS: Here’s EXACTLY Where Big Money Went

2025-06-03

FREE NEWSLETTER: https://www.learningcrypto.com/ SHOP: https://shop.learningcrypto.com 🕊️ SECOND CITIZENSHIPS: …

Regulation

TechCrunch reporter revises Bitcoin ETF prediction, expects greenlight next week

2024-01-05

TechCrunch reporter Jacquelyn Melinek posted a statement on Jan. 5 updating her expected timeline for…

NFT

PancakeSwap Announces the Official Launch of Pancake Protectors NFT Collection

2023-06-02

NFT PancakeSwap is announcing the highly anticipated release of the official Pancake Protectors NFT collection…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Why BTC Might Explode to $150K 🌕

2025-06-14

Why Bitcoin Core Is Bitcoin

2025-06-14

🔥 Fri Fire: Gold & Oil Up, Bitcoin & Crypto Dive

2025-06-13

BTC: Lights out for a month or 2!!!

2025-06-13
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 107,058.68
ethereum
Ethereum (ETH) $ 2,637.76
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.25
bnb
BNB (BNB) $ 657.66
solana
Solana (SOL) $ 156.63
usd-coin
USDC (USDC) $ 0.999989
dogecoin
Dogecoin (DOGE) $ 0.178002
tron
TRON (TRX) $ 0.27785
staked-ether
Lido Staked Ether (STETH) $ 2,634.97
bitcoin
Bitcoin (BTC) $ 107,058.68
ethereum
Ethereum (ETH) $ 2,637.76
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.25
bnb
BNB (BNB) $ 657.66
solana
Solana (SOL) $ 156.63
usd-coin
USDC (USDC) $ 0.999989
dogecoin
Dogecoin (DOGE) $ 0.178002
tron
TRON (TRX) $ 0.27785
staked-ether
Lido Staked Ether (STETH) $ 2,634.97