Is a US Congressman trying to ban CBDCs? United States Republican Representative Warren Davidson has spoken out against Central Bank Digital Currencies (CBDCs), urging Congress to ban them. He believes CBDCs pose a significant threat to financial freedom and individual liberty. 😲 Congressman Warren Davidson, calls for the ban of CBDCs, raising concerns about government control over currency and potential privacy violations.
Warren Davidson\'s Stance on CBDCs
US Congressman Warren Davidson has been actively expressing his views on cryptocurrency, particularly regarding the dangers of CBDCs. He previously introduced legislation aimed at removing SEC Chair Gary Gensler, highlighting his broader concerns about regulatory overreach in the digital asset space. United States Republican Representative Warren Davidson has spoken out against central bank digital currencies, urging Congress to ban them and criminalize their development. He argues that CBDCs could be used for surveillance and control, undermining the principles of a free society.
Davidson\'s Call to Action in Congress
Today, Rep. Warren Davidson (R-OH) sent a letter to his House colleagues, encouraging them to help prevent state efforts to facilitate a Central Bank Digital Currency (CBDC). “A Central Bank... [Digital Currency] poses an existential threat to Western civilization," Davidson stated on X (formerly Twitter). He believes that US Congressman Warren Davidson posted on the X platform that CBDC poses an existential threat to Western civilization. While sound money is a stable store of value and an efficient medium of exchange, CBDCs offer unprecedented control to central banks.
National Defense Authorization Act (NDAA) Amendment
Rep. Warren Davidson (R-OH) on Friday called for the House to include his amendment to the NDAA which would ban the Pentagon from purchasing Americans’ private data through CBDCs or related technologies. This amendment seeks to safeguard citizens\' privacy and prevent the government from leveraging financial data for surveillance purposes.