🎉Big news for Bitcoin enthusiasts! The U.S. House of Representatives has voted in favor of a bill that bars the Federal Reserve from issuing a Central Bank Digital Currency (CBDC) directly to its citizens. 🚫💵
The CBDC Anti-Surveillance State Act, introduced by pro-crypto Rep. Tom Emmer, received support from 213 Republicans and 3 Democrats, making the final tally 262 ‘yea’ to 192 ‘nay’. 🗳️
Unlike Bitcoin, CBDCs are controlled and issued directly by a central bank, and are either backed by or used as substitutes for a nation’s fiat currency. 🏦💰
Emmer said, “My legislation ensures that the United States’ digital currency policy remains in the hands of the American people so that any development of digital money reflects our values of privacy, individual sovereignty, and free market competitiveness.” 🇺🇸🔒
However, not everyone is on board. Democrats like Financial Services Committee ranking member Maxine Waters countered that the U.S. could lead the world in how to issue a CBDC that respected privacy, rather than allowing the digital yuan to gain dominance. 🌐🔄
Regardless, this is a significant step for the crypto community that favors trustless, decentralized currencies like Bitcoin. 🎊🚀
Stay tuned for more updates! 📰👀