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The US House of Representatives passed the CBDC Anti-Surveillance State Act on May 23, a bill that could limit the Federal Reserve's ability to offer certain products or services directly to individuals and restrict the use of central bank digital currency (CBDC) for monetary policy. The Republican-backed bill sparked debates about potential government abuse of CBDCs and the need for innovation to maintain the dollar's international competitiveness. The bill's implications were disputed, with some arguing it could undermine the US dollar's primacy and hinder the operation of the American economy. The bill now awaits a Senate vote.

The US House of Representatives passed the CBDC Anti-Surveillance State Act on May 23, a bill that could limit the Federal Reserve's ability to offer certain products or services directly to individuals and restrict the use of central bank digital currency (CBDC) for monetary policy. The Republican-backed bill sparked debates about potential government abuse of CBDCs and the need for innovation to maintain the dollar's international competitiveness. The bill's implications were disputed, with some arguing it could undermine the US dollar's primacy and hinder the operation of the American economy. The bill now awaits a Senate vote.

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