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ABA: The American Bankers Association
Statement
  • For Immediate Release
  • July 17, 2025

ABA Applauds House Passage of Anti-CBDC Surveillance State Act

“We applaud today’s House passage of the Anti-CBDC Surveillance State Act and thank Majority Whip Tom Emmer and the bill’s 135 co-sponsors for their leadership on this issue. ABA believes strongly that a central bank digital currency (CBDC) is unnecessary in the United States and would present unacceptable risks and costs to the financial system. Issuance of a CBDC would fundamentally change the relationship between citizens and the Federal Reserve, undermine the important role banks play in extending credit, exacerbate economic and liquidity crises, and impede the transmission of sound monetary policy. We urge the Senate to move quickly to pass the companion legislation introduced by Sen. Ted Cruz to protect our economy and our financial system from these harms.“ 

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $24.5 trillion banking industry, which is composed of small, regional and large banks that together employ approximately 2.1 million people, safeguard $19.5 trillion in deposits and extend $12.8 trillion in loans.

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