Today I voted to advance the CBDC Anti-Surveillance State Act out of the House, in tandem with the GENIUS Act and the Clarity Act, which will ensure that there will never be a central bank digital currency created. The bills passed today will allow a cohesive and commonsense framework in which stablecoins (digital assets that are pegged to actual assets such as the USD) can be bought, sold, and traded similar to stocks, without being designated as securities. One important note, these stablecoins are not government run, created, or controlled–they are part of the free market and thus their use is not required.
The passage of these three bills is yet another step forward in bringing forth the golden era that President Trump has promised and will provide regulatory clarity in the markets.
Now that the House has passed the CBDC Anti-Surveillance State Act, it is the Senate’s responsibility to take it up and pass it. In the event that the Senate does not take it up, House Freedom Caucus, in coordination with White House and Leadership, was able to secure a commitment that anti-central bank digital currency language will be included in the National Defense Authorization Act, a ‘must pass’ bill that is advanced annually.