Tom Emmer

@GOPMajorityWhip ↗

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Last Checked Feb. 28, 2022

Created

Wed Jan 12 15:23:08 +0000 2022

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Tom Emmer @GOPMajorityWhip

Requiring users to open an account at the Fed to access a United States CBDC would put the Fed on an insidious path akin to China’s digital authoritarianism. — PolitiTweet.org

Posted Jan. 12, 2022

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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

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Tom Emmer @GOPMajorityWhip

Any CBDC implemented by the Fed must be open, permissionless, and private. This means that any digital dollar must be accessible to all, transact on a blockchain that is transparent to all, and maintain the privacy elements of cash. — PolitiTweet.org

Posted Jan. 12, 2022