Representative Tom Emmer has reintroduced the CBDC Anti-Surveillance State Act, which seeks to prevent federal banks from issuing a digital dollar. This follow-up comes after an executive order by President Trump banning CBDC establishment.

This act marks the return of a bill first introduced in 2022 and previously passed in the House in May 2024, currently awaiting Senate review. About 100 Republican members support Emmer’s initiative.

While the proposed legislation aims to safeguard financial privacy, uncertainty looms over future legislative actions. The White House plans a crypto summit to address this and other digital asset policy matters.