U.S. Congressman Tom Emmer believes that the introduction of CBDCs will jeopardize the financial privacy of American citizens.United States Congressman Tom Emmer believes that the introduction of programmable central bank digital currency in the country will jeopardize the financial privacy of American citizens.yesterday at the Cato Institute, a think tank in Washington, D.C., that the programmable CBDC could be easily weaponized as a spying tool to “choke out the politically unpopular activity.
“Recent actions from the Biden Administration make it clear that they are not only itching to create a digital dollar but they are willing to trade Americans’ right to financial privacy for the surveillance-style CBDC,” added Emmer.
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