US Congressman Ronny Jackson says CBDC is a Trojan Horse

Source: Paytm

US Congressman Ronny Jackson says central bank digital currency, or CBDC, is a trojan horse for global elites. In response to the House Majority Whip Tom Emmers‘ push towards the passage of a new bill, Ronny Jackson shared support for the fight against CBDC.

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Congressman Jackson, a representative of Texas, calls the CBDC a “trojan horse,” which will be weaponized against the privacy of the people. He adds that “global elites want to use it to control YOUR freedom.” He says he is a proud cosponsor of the CBDC Anti-Surveillance State Act, which the House committee passed yesterday. The bill will now advance to the House of Representatives.

US Congressman Tom Emmer introduced the new bill to ban the Federal Reserve from creating a CBDC in the future. The bill bans any CBDC pilot programs before they’re proposed. In addition, it prohibits the Fed from introducing a retail digital currency that could be used for citizen surveillance. Emmer spoke strongly about the CBDC being an issue of “privacy, individual sovereignty, and free market competitiveness.”

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The bill’s approval in the House is unpredictable, however, its future in the Senate is more doubtful, as its majority is run by Democrats, who may not push ahead with the Republican-introduced bill.