Anti-CBDC Surveillance State Act
Coverage of Anti-CBDC Surveillance State Act in the Nexus archive.
- Republican lawmakers call for permanent CBDC ban as House vote approaches
Republican lawmakers are calling for a permanent ban on Central Bank Digital Currencies (CBDC) as a House vote approaches. Tom Emmer, the House majority whip, is advocating for his Anti-CBDC Surveillance State Act. The act has passed the House but needs to pass the Senate.
- House passes FISA reauthorization, Senate roadblock awaits
The House passed a three-year reauthorization of Section 702 of FISA, which allows warrantless surveillance, but the Senate is unlikely to approve the bill due to opposition to a House-added ban on central bank digital currencies (CBDCs). The FISA extension faces expiration soon, and Senate Majority Leader John Thune has labeled the CBDC ban a 'poison pill,' signaling a potential legislative standoff.
- Trump suffers rare defeat with House Republicans
President Trump faced a rare defeat as House Republicans rejected a clean extension of Section 702 of FISA, forcing GOP leaders to settle for a 10-day extension. The White House and GOP leadership failed to secure enough support despite intensive efforts, including classified briefings and last-minute concessions, highlighting fractures within the party on surveillance issues.