CONGRESS
This past week was Crypto Week on Capitol Hill. The House Freedom Caucus was supportive of the pro-growth crypto bills that were being considered, but with one caveat - the legislation didn't explicitly ban, in all forms, a Central Bank Digital Currency (CBDC).
CBDCs are a form of financial slavery. If one were enacted, the government could use digital money to monitor your transactions and even censor them. Want to buy a gun? The government could prevent that with a CBDC. Want to buy a subscription to The Federalist? Nope. Radical leftists like Senator Elizabeth Warren desperately want a CBDC, so it's imperative that we codify into law a complete ban on CBDCs.
So the HFC negotiated a deal with the White House to ban CBDCs in the upcoming NDAA bill that will be considered later this fall.
We are mentioning this, not just to applaud our brothers and sisters in the House Freedom Caucus, but to remind you that our State Freedom Caucuses have led the way on this fight as well.
In previous years, there have been several attempts in multiple states to enact a framework that would enable CBDCs at the state-level. Our South Dakota Freedom Caucus was the first to sound the alarm when they convinced then-Governor Kristi Noem to veto the legislation. Our Arizona Freedom Caucus and our Montana Freedom Caucus, just to name a couple - killed the legislation as well.
Because CBDCs are so insidious and dangerous, it requires a concerted federal-state joint event to stop them. And our freedom caucuses have led the way. This is a perfect example that proves the point made by President Calvin Coolidge who said, "It is much more important to kill bad bills than to pass good ones."