Congressman Tom Emmer has called for a ban on the issuance of the digital dollar

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Tom Emmer, during a speech in the House of Representatives of Congress, protested against the launch of a central bank digital currency (CBDC). According to the congressman, with the help of the digital dollar, federal authorities will be able to access information about citizens' financial transactions. Tom Emmer called CBDC a "surveillance tool" that will help officials track private payments, violating privacy.

The congressman cited China as an example, calling the digital yuan a financial system directed against citizens. Tom Emmer believes that the Chinese government is able to spy on its citizens with the digital yuan, and if the digital dollar is launched in the U.S., the same will happen to Americans.

The digital dollar could become a burden for the U.S. Federal Reserve System as the central bank takes over the role of commercial banks and gains direct control over individuals' finances. The congressman insists that the Federal Reserve System already considers the development of CBDC as one of its key responsibilities.

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