Rep. Tom Emmer: Digital assets will be a ‘sleeper issue’ for 2024 elections

He pointed to monetary privacy concerns, particularly pointing out government oversight of main bank digital currencies, or CBDCs. Florida Gov. Ron DeSantis, a Republican polling second behind previous president Donald Trump, guaranteed in July to ban CBDCs in the U.S. should his campaign be successful. On Sept. 20, the House Financial Services Committee will meet in a markup session for the Digital Dollar Pilot Prevention Act– legislation that could forbid the Fed from initiating CBDC pilot programs without approval from Congress.

He pointed to financial privacy concerns, specifically mentioning federal government oversight of main bank digital currencies, or CBDCs. Florida Gov. Ron DeSantis, a Republican ballot second behind previous president Donald Trump, guaranteed in July to prohibit CBDCs in the U.S. need to his campaign be effective. On Sept. 20, the House Financial Services Committee will meet in a markup session for the Digital Dollar Pilot Prevention Act– legislation that might restrict the Fed from starting CBDC pilot programs without approval from Congress.