🚀🇺🇸 US House votes to ban the Federal Reserve from issuing a Central Bank Digital Currency (CBDC) to citizens. The bill, championed by pro-crypto Rep. Tom Emmer, is the third crypto-focused legislation passed this month.

👍 The crypto community is celebrating, favoring decentralized currencies like Bitcoin over CBDCs, which are controlled by central banks. Emmer says this keeps digital currency policy in the hands of the people, upholding values of privacy and free market competitiveness.

🔍 CBDCs can be used to track purchases and influence social credit scores, as seen in China. Rep. French Hill supports the bill, citing the dangers of such power in the hands of the State.

👎 Some Democrats, like Maxine Waters, argue that the US could lead in issuing a privacy-respecting CBDC, rather than letting the digital yuan dominate.

🗣️ What do you think? Is this a win for crypto or a missed opportunity for the US? #crypto #CBDC #USPolitics