the mark of the beast is getting closer even in defeat, so we, the great unwashed, will possibly remain the last line of defense;

The Republican-backed bill’s debate was sparsely attended. Republican supporters spoke about the potential for the abuse of a central bank digital currency (CBDC), while Democrats concentrated on innovation, the dollar’s international competitiveness and the bill’s poor drafting.

French Hill, the Chairman of the Financial Services Committee Subcommittee on Digital Assets, Financial Technology and Inclusion, said:

“We live in a world where the government can abuse the tools it has.”

Representative Mike Flood reused his rhetorical device urging the audience to “imagine the politician you despise the most” with control over a CBDC.

Financial Services Committee member Warren Davidson called the New York Fed’s Project Hamilton “the same creepy surveillance tool” as China’s digital yuan. He said the pilot project “could be developed to something further.” The Fed was not responding to dialog, so it must respond to law, he said.

Warren called a digital currency the "creepiest surveillance tool known to man" that would lead to "coercion and control."

"Why would we enable it?" he said. "Everywhere it's depicted as evil."

Davidson said the Fed should not pursue a digital currency without authorization from Congress, arguing it doesn't have a place in a free society.

"We don't want them to design it," he said. "We don't want them to build it."..........more