US Republican lawmakers urge a permanent ban on the US central bank digital currency in the housing bill

ChainCatcher news, according to Cointelegraph, U.S. Republican lawmakers are calling for a permanent ban on the U.S. central bank digital currency (CBDC) in the upcoming House vote on the “21st Century Housing Act.” Representative Mike Flood stated that the House-revised version of the bill aims to overturn the “implicit green light” for CBDC and make the ban permanent. If the bill passes the House, it will return to the Senate and may undergo further revisions. Representative Warren Davidson supports a permanent ban, arguing that a 2030 expiration date would essentially give CBDC a pre-launch development period. House Majority Whip Tom Emmer is also pushing his “Anti-CBDC Surveillance State Act,” which passed the House last July but has yet to be approved by the Senate. Emmer warned that if the U.S. adopts a CBDC, privacy and economic freedom will no longer exist.