Republican lawmakers in the United States are calling for a permanent ban on the central bank's digital currency in the housing bill.
CoinFeed reported on May 19th, citing Cointelegraph, that Republican lawmakers are calling for a permanent ban on U.S. central bank digital currencies (CBDCs) in the upcoming Century 21 Housing Act, which is set to vote in the House of Representatives. Representative Mike Flood stated that the revised House bill aims to overturn the "hidden green light" for CBDCs and make the ban permanent. If the bill passes the House, it will return to the Senate for further amendments. Representative Warren Davidson supports a permanent ban, arguing that the 2030 expiry date essentially gives CBDCs a pre-launch development period. House Majority Whip Tom Emmer is also pushing his "Anti-CBDC Surveillance Nation Act," which passed the House last July but has not yet been approved by the Senate. Emmer warned that if the U.S. adopts a CBDC, privacy and economic freedom will be lost.