Dueling CBDC Bills Heading for U.S. Digital Dollar Debate in Congressional Hearing

“If not designed to be open, permissionless, and private – emulating cash – a government-issued CBDC is nothing more than a CCP-style surveillance tool that would be used to undermine the American way of life,” he said in a statement, accusing President Joe Biden’s administration of trying to set up a surveillance state to monitor citizens’ transactions, even in the absence of any actual policy.