I appreciate the committee's efforts to incorporate my feedback into the stablecoin bill over the past several Congresses. And I'm grateful to this committee for noticing my bill, The Anti CBDC Surveillance State act halts the efforts of unelected bureaucrats from ever issuing a central bank digital currency. that could upend the American way of life. This bill has the support of over 100 members of Congress in groups ranging from the Independent Community Bankers association and the American Bankers association to Club for Growth, Heritage Action and the Blockchain Association. (00:34–00:42)
CLAIM
Asserts that the act prevents bureaucrats from issuing a CBDC.
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