Tom Emmer

@GOPMajorityWhip ↗

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Last Checked Feb. 24, 2022

Created

Wed Jan 12 15:23:07 +0000 2022

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2,479

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Tom Emmer @GOPMajorityWhip

CBDCs that fail to adhere to these three basic principles could enable an entity like the Federal Reserve to mobilize itself into a retail bank, collect personally identifiable information on users, and track their transactions indefinitely. — PolitiTweet.org

Posted Jan. 12, 2022

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Tom Emmer @GOPMajorityWhip

As other countries, like China, develop CBDCs that fundamentally omit the benefits and protections of cash, it is more important than ever to ensure the United States’ digital currency policy protects financial privacy, maintains the dollar’s dominance, and cultivates innovation. — PolitiTweet.org

Posted Jan. 12, 2022

Followed By

Tom Emmer @GOPMajorityWhip

Not only does this CBDC model raise “single point of failure” issues, leaving Americans’ financial information vulnerable to attack, but it could be used as a surveillance tool that Americans should never be forced to tolerate from their own government. — PolitiTweet.org

Posted Jan. 12, 2022