The ongoing CBDC discussion in the US as Congress reconvenes

As US lawmakers reconvene, the CBDC discussion intensifies, spotlighting concerns about privacy and political dynamics. Critics fear governmental surveillance, while advocates, like Representative Tom Emmer, emphasize the risks of inadequate privacy protections.

Experts maintain that the Federal Reserve emphasizes Congressional approval before any CBDC launch. They suggest potential privacy features in digital currency design, countering narratives of immediate threats to American privacy.

With stablecoins growing in relevance, questions arise about the need for CBDCs. Experts warn that the real privacy risks stem from data sharing with AI technologies, rather than the implementation of a CBDC.