OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Anti-Cbdc Surveillance State Act

Floor Speech

Date: July 17, 2025
Location: Washington, DC

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Mr. McDOWELL. Mr. Speaker, I thank the chairman for yielding.

Mr. Speaker, America is not a surveillance state, and under Republican leadership, it never will be. Today, this Congress has the opportunity to lay the foundation for a digital future that protects freedom and financial privacy.

At the center of that effort is the Anti-CBDC Surveillance State Act. This bill ensures that no central bank digital currency will be created under the Federal Reserve. We have seen what that looks like in Communist China where the CCP uses it to track, monitor, and control their people, but not here, Mr. Speaker. Not in the land of the free because together with the CLARITY Act and the GENIUS Act, we will protect Americans' financial liberty and make the United States the crypto capital of the world.

Mr. Speaker, I urge my colleagues to support this legislation.

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