Bill To Outlaw Digital Currency

Saving Our Precious Bill Of Rights

While The Left is punishing Americans across the nation for thinking, speaking, and voting the “wrong” way, the last thing We The People need is government agencies surveilling our personal finances and controlling how, when, where we spend our money. A Central Bank Digital Currency (CBDC) is a fixed-value, government-controlled, constantly programmable cryptocurrency that replaces the dollars in your bank account and wallet. Anti-CBDC legislation is necessary to safeguard Americans' financial privacy and human rights in the face of surveillance, control and political intimidation.

REPUBLICAN SENATORS TO THE RESCUE

On February 26th Senator Ted Cruz (R-TX), joined by Senators Bill Hagerty (R-TN), Rick Scott (R-FL), Ted Budd (R-NC), and Mike Braun (R-IN), filed legislation, called the CBDC Anti-Surveillance State Act (S 3801), to halt plans by the Biden Regime to outlaw cash and create mandatory central bank digital currency (CBDC).

About the bill, Senator Cruz said, “The Biden administration salivates at the thought of infringing on our freedom and intruding on the privacy of citizens to surveil their personal spending habits, which is why Congress must clarify that the Federal Reserve has no authority to implement a CBDC. I’m proud to lead the fight in the Senate to restrict the Federal Reserve’s exploration of and attempt to introduce a CBDC to the American economy.”

Senator Budd said, “As Americans face the prospect of an increasingly weaponized government, ensuring financial privacy is pivotal. A CBDC would open the door for the federal government to surveil and control the spending habits of all Americans. Any push to establish a CBDC must be confronted and stopped, and that’s why I’m proud to join Senator Cruz’s effort to do just that.”

Senator Hagerty said, “From Operation Chokepoint to recent reports of political and religious profiling by FinCEN, it is clear that government bureaucrats have been far too willing to exploit the financial system to advance political agendas and target Americans. This bill blocks the issuance of a central bank digital currency, preventing CBDC from being used as a tool to surveil and violate Americans’ privacy.”

DEEP STATE ARROGANCE

The Biden Regime’s Federal Reserve claims they have the authority to outlaw cash and mandate digital currency without debate and without a vote of The People’s pesky representatives in the US House and US Senate as soon as the system is set up nationwide. Thus, the need for this bill. There is a similar anti-CBDC bill pending in the House, HR 1122.

The CBDC Anti-Surveillance State Act would prohibit the Federal Reserve from issuing a CBDC directly to anyone, ensuring the Federal Reserve can’t mobilize itself into a retail bank. It would also bar the Federal Reserve from issuing a CBDC indirectly to individuals through financial institutions or other third parties, as well as prevent the Federal Reserve from using a CBDC as a tool to implement monetary policy and control the economy. Finally, the bill would require authorizing legislation from Congress for the issuance of any CBDC. In other words, We The People would have an indirect say in the destruction of our Bill of Rights.