AMERICA MUST BACK PRO-STABLECOIN LAWS, REJECT CBDCS — US REP. EMMER

Last updated: June 19, 2025, 23:08 | Written by: Anthony Di Iorio

Imagine a future where your every transaction is tracked, analyzed, and potentially controlled by the government. Emmer called CBDCs a threat to American values and reintroduced the Anti-Surveillance State Act to block a federal digital dollar.A chilling thought, isn't it? US Representative Tom Emmer argued for prioritizing pro-stablecoin legislation in a March 11 House. Markets One News Page: WednesdayThis is the fear fueling US Representative Tom Emmer's staunch opposition to Central Bank Digital Currencies (CBDCs).Emmer, a vocal advocate for financial innovation and personal freedom, has doubled down on his stance, reintroducing a bill aimed at banning CBDCs while championing the cause of stablecoins.He argues that CBDCs represent a significant threat to American values, transforming currency into a surveillance tool.But his vision isn't about halting progress; it's about steering it in the right direction.Emmer believes that pro-stablecoin legislation is the key to unlocking the potential of digital assets without sacrificing individual liberties. US Representative Tom Emmer argued for prioritizing pro-stablecoin legislation in a March 11 House Financial Services Committee hearing, while calling central bank digital currencies (CBDC) aThis article delves into Emmer's arguments, the proposed legislation, and the broader implications for the future of finance in the United States.We'll explore why he believes America must back pro-stablecoin laws and resolutely reject the adoption of CBDCs, examining the potential benefits and pitfalls of each approach.

The Core Argument: Freedom vs.Surveillance in Digital Finance

At the heart of Emmer's argument lies a fundamental concern about government overreach.He views CBDCs as a tool that could enable unprecedented levels of surveillance, giving the government direct insight into the financial lives of its citizens.This level of scrutiny, he contends, is antithetical to the principles of a free society. US Representative Tom Emmer reintroduced a bill to ban CBDCs, calling them a surveillance tool, while pushing for pro-stablecoin legislation. America must back pro-stablecoin laws, reject CBDCsHe doesn't mince words, calling CBDCs a ""surveillance state"" instrument. The lawyer argued that Davis could have access to funds that might allow him to go into hiding or flee to the US. America must back pro-stablecoin laws, reject CBDCs US Rep. Emmer. In a House Financial Services Committee hearing, US Representative Tom Emmer said that central bank digital currencies (CBDCs) threaten American values.The concern stems from the centralized nature of CBDCs, where a central bank controls the entire system and has the potential to monitor and even control individual transactions.

CBDCs: A Threat to American Values?

Emmer's concerns about CBDCs are not solely based on theoretical possibilities. The adoption by the U.S. Congress of stablecoin legislation is likely to become a reality in the coming weeks following action by the Trump administration to establish U.S. leadership in digital assets as a priority. 1 The U.S. House of Representatives and the U.S. Senate continue to advance federal stablecoin legislation in two similar bills: the STABLE Act (or the Stablecoin Transparency andHe points to examples in other countries where digital currencies have been used to exert control over citizens' financial activities. While Emmer remains firmly opposed to CBDCs, he supports stablecoins as a viable alternative that can drive financial innovation without compromising personal freedoms. He advocates for transparent and regulated stablecoin frameworks that can bridge blockchain technology with traditional finance while preserving privacy protections absent in CBDCs.While proponents of CBDCs argue that they can enhance financial inclusion and efficiency, Emmer believes the risks to privacy and freedom outweigh these potential benefits.He suggests a world where government could censor legal but politically unpopular transactions through a CBDC system.It is this potential for abuse that drives his fervent opposition.

Loss of Privacy: Every transaction could be tracked and analyzed.
Government Control: Potential for censorship and manipulation of financial activity.
Erosion of Freedom: Shifts the balance of power towards the government.

The Pro-Stablecoin Alternative: Innovation Without Sacrifice

Emmer's opposition to CBDCs isn't about rejecting digital currencies altogether.Instead, he champions stablecoins as a viable and responsible alternative.He sees them as a way to harness the power of blockchain technology and digital assets while preserving individual freedoms and fostering innovation.Stablecoins, unlike volatile cryptocurrencies like Bitcoin, are designed to maintain a stable value, typically pegged to a fiat currency like the US dollar.

He advocates for clear, transparent, and well-regulated stablecoin frameworks that can bridge the gap between traditional finance and the burgeoning world of blockchain.These frameworks, he believes, should prioritize privacy, security, and consumer protection, ensuring that individuals can participate in the digital economy with confidence.

What Makes Stablecoins Appealing?

Several factors contribute to Emmer's support for stablecoins.First and foremost, they offer the potential for faster, cheaper, and more efficient transactions.Second, they can promote financial inclusion by providing access to financial services for underserved populations.Finally, and perhaps most importantly, they can be designed to respect individual privacy, unlike CBDCs.

Efficiency: Faster and cheaper transactions.
Financial Inclusion: Access to financial services for underserved populations.
Privacy: Potential to be designed with privacy protections.

Emmer's Legislative Efforts: Blocking CBDCs and Promoting Stablecoins

Emmer's concerns haven't just been expressed verbally; he's actively working to translate his beliefs into tangible policy.He has reintroduced the Anti-Surveillance State Act, a bill designed to prohibit the issuance of a CBDC by the Federal Reserve.This bill is a cornerstone of his effort to prevent the creation of a digital dollar that could be used to monitor and control citizens' financial lives.

The Anti-Surveillance State Act: A Closer Look

The Anti-Surveillance State Act aims to ensure that any digital currency issued by the United States is designed in a way that protects individual privacy and prevents government overreach.It emphasizes the importance of maintaining a decentralized and permissionless financial system, where individuals have control over their own assets and transactions.

Furthermore, Emmer has been a vocal advocate for pro-stablecoin legislation in the House Financial Services Committee.He has consistently argued that Congress should prioritize creating a clear and consistent regulatory framework for stablecoins, fostering innovation and competition while protecting consumers.He believes this approach is essential to ensuring that the United States remains a leader in the digital economy.

The Road Ahead: Potential Hurdles and the Future of Digital Finance

While Emmer's arguments resonate with many, the path forward is not without its challenges.There are differing opinions within Congress and the broader financial community regarding the best approach to digital currencies.Some argue that CBDCs could offer significant benefits, such as improved payment systems and enhanced monetary policy tools.Others worry about the potential risks to financial stability and the impact on the traditional banking system.

Navigating the Regulatory Landscape

Creating a comprehensive and effective regulatory framework for stablecoins is a complex undertaking.It requires careful consideration of various factors, including consumer protection, anti-money laundering (AML) compliance, and financial stability risks.It also requires a balance between fostering innovation and preventing illicit activities.The U.S.House of Representatives and the U.S.Senate are actively working on federal stablecoin legislation, with the STABLE Act being one prominent example.These bills aim to bring clarity and stability to the stablecoin market.

One of the key challenges is defining what constitutes a ""stablecoin"" and distinguishing it from other types of digital assets.There are also questions about the appropriate level of reserve requirements and the types of assets that should be allowed to back stablecoins.Addressing these issues effectively will be crucial to building a robust and sustainable stablecoin ecosystem.

The International Context: A Global Race for Digital Currency Dominance

The debate over CBDCs and stablecoins is not confined to the United States.Countries around the world are exploring the potential of digital currencies, and some have already launched or are piloting their own CBDCs.This global race for digital currency dominance has significant implications for the future of international finance and the role of the US dollar.

Maintaining US Leadership in the Digital Age

Emmer argues that the United States must take a proactive approach to digital currencies to maintain its economic and technological leadership.He believes that pro-stablecoin legislation is essential to fostering innovation and attracting investment in the digital asset space.He suggests the adoption by the U.S.Congress of stablecoin legislation is likely to become a reality in the coming weeks following action by the Trump administration to establish U.S. leadership in digital assets as a priority.By creating a clear and welcoming regulatory environment for stablecoins, the United States can position itself as a hub for digital innovation and attract entrepreneurs and businesses from around the world.

However, he cautions against blindly following the lead of other countries that are pursuing CBDCs.He believes that the United States should carefully consider the potential risks and benefits of each approach before making a decision.He emphasizes the importance of prioritizing individual freedom and privacy in any digital currency framework.

Key Questions and Answers about Stablecoins and CBDCs

What are Stablecoins?

Stablecoins are a type of cryptocurrency designed to maintain a stable value, typically pegged to a fiat currency like the US dollar or a commodity like gold.This stability makes them more suitable for everyday transactions and as a store of value compared to volatile cryptocurrencies like Bitcoin.

What are CBDCs?

Central Bank Digital Currencies (CBDCs) are digital versions of a country's fiat currency, issued and controlled by the central bank.They differ from cryptocurrencies in that they are centralized and subject to government regulation.

What are the Benefits of Stablecoins?

Faster and cheaper transactions
Greater financial inclusion
Potential for privacy protections

What are the Risks of CBDCs?

Potential for government surveillance
Erosion of privacy
Centralized control over financial activity

What is the Anti-Surveillance State Act?

The Anti-Surveillance State Act is a bill introduced by US Representative Tom Emmer that aims to prohibit the issuance of a CBDC by the Federal Reserve, preventing the creation of a digital dollar that could be used for government surveillance.

Conclusion: Embracing Innovation While Safeguarding Freedom

The future of finance is undoubtedly digital, but the question is: what form will that digital future take?US Representative Tom Emmer has made his position clear: America must back pro-stablecoin laws and reject CBDCs.He believes that stablecoins offer a path to innovation and efficiency without sacrificing individual freedom and privacy.He frames CBDCs as a potential tool for government overreach and surveillance, a threat to the very foundations of a free society.His legislative efforts, including the Anti-Surveillance State Act, reflect his commitment to translating these beliefs into concrete policy.While the debate over digital currencies is far from settled, Emmer's voice is a powerful reminder of the importance of considering the broader societal implications of technological advancements.As Congress continues to grapple with these complex issues, it is crucial to prioritize the principles of freedom, privacy, and individual liberty.Embracing pro-stablecoin legislation is a vital step in ensuring that the digital future is one that empowers individuals rather than controlling them.The key takeaway is that the future of digital currency hinges on striking the right balance between innovation, security, and the preservation of fundamental freedoms.The decision on whether America must back pro-stablecoin laws, reject CBDCs, or find a middle ground, will shape the financial landscape for generations to come.Consider contacting your representatives to voice your opinion on this critical issue.The future of finance is being written now, and your voice matters.