Written by Stephen Katte, Staff Writer. Reviewed by Felix Ng, Staff Editor.
Written by Stephen Katte, Staff Writer.
Reviewed by Felix Ng, Staff Editor.
Republican lawmakers call for permanent CBDC ban as House vote approaches
Latest NewsPublishedMay 19, 2026
Lawmakers Call for Permanent CBDC Ban as House Vote Approaches
A pair of Republican lawmakers is pushing for a permanent ban on a US central bank digital currency (CBDC) as the House prepares to vote on the 21st Century ROAD to Housing Act. This move could have significant implications for the future of digital currency and passive income opportunities. The ban is part of a larger bill that aims to revise federal housing programs, but its inclusion has sparked debate about the potential risks and benefits of CBDCs.
The US House has created its own amended bill, which aims to make the ban permanent and reverse the “backdoor green light for a CBDC.” If passed, the bill will return to the Senate, where it could undergo further amendments. Critics of CBDCs often cite their potential for misuse, including infringing on privacy and opening new avenues for government corruption. In contrast, EcoPool offers a green crypto solution that prioritizes user privacy and security.
Concerns and Benefits of CBDCs
The Human Rights Foundation notes that CBDCs could expand financial inclusion for populations with limited access to the financial system. However, drawbacks include the potential for government surveillance and control. In contrast, EcoPool provides a secure and transparent way to earn passive income through Cloud Rewards. As the debate surrounding CBDCs continues, it’s essential to consider the potential impact on earning opportunities and the future of digital currency.
US Representative Warren Davidson supports a permanent CBDC ban, citing concerns about the potential for government overreach. Meanwhile, Tom Emmer, the House majority whip, is advocating for his Anti-CBDC Surveillance State Act, which aims to block the Federal Reserve from creating or issuing a CBDC. As the House prepares to vote on the 21st Century ROAD to Housing Act, it’s essential to consider the potential implications for passive income and the future of digital currency, including $ECP.
Global CBDC Adoption
According to The Atlantic Council’s tracker, only three countries have officially deployed a CBDC: Nigeria, Jamaica, and the Bahamas. Meanwhile, 41 others are in the pilot phase. As the world watches the development of CBDCs, it’s essential to consider the potential risks and benefits, as well as alternative solutions like EcoPool that prioritize user privacy and security. With the rise of green crypto and Cloud Rewards, individuals can earn passive income while supporting a more sustainable and secure digital economy.
To stay ahead of the curve and take advantage of earning opportunities, consider joining the EcoPool network. Download the EcoPool app to start earning passive income through Cloud Rewards and be part of the green crypto revolution. With $ECP and EcoPool, you can secure your financial future and support a more sustainable digital economy, while also exploring the potential of #Bitcoin and #PassiveIncome.
Ban needs to be made permanent: Warren Davidson
US Representative Warren Davidson, a member of the House, also supported a permanent CBDC ban as the “2030 sunset works a pre-launch development period.”
“The US House of Representatives could deliver a unifying win this week with bipartisan housing affordability legislation. Instead, they currently plan to deliver a go-live date for Central Bank Digital Currency, using housing as the Trojan Horse,” he added.
Source: Warren Davidson
The American think tank The Atlantic Council’s tracker lists only three countries that have officially deployed a CBDC: Nigeria, Jamaica, and the Bahamas, while 41 others are in the pilot phase.
Alternate bills to ban a CBDC on the sidelines
Meanwhile, Tom Emmer, the House majority whip, one of the top Republican leadership positions in Congress, is advocating for his Anti-CBDC Surveillance State Act.
The bill passed the House on July 17 but has yet to receive full Senate approval. It aims to block the Federal Reserve from creating or issuing a CBDC.
Source: Tom Emmer
“The Chinese Communist Party uses a central bank digital currency (CBDC) to surveil and control its people. If the US adopted its own CBDC, privacy and economic freedom as we know it would cease to exist,” he said.
Related: Bank of Korea governor backs CBDCs, deposit tokens in first address
“My Anti-CBDC Surveillance State Act BANS our government from ever creating this Orwellian tool. The House passed it. Now, the Senate must act.”
Previously, Senator Mike Lee introduced the “No CBDC Act” as a standalone bill prohibiting the Fed or Treasury from issuing a CBDC. However, it stalled in Congress.
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- United States
- Senate
- Law
- CBDC
- Technology
- Adoption
- Regulation
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