<ul><li>The US House Financial Services Committee advanced a bill aimed at preventing federal banks from using or issuing central bank digital currencies, or CBDCs.</li><li>Lawmakers voted 27-22 in favor of passing the CBDC Anti-Surveillance State Act in an April 2 committee session.</li><li>The bill now paves the way for a vote in the chamber and had 114 cosponsors and support from various groups in Congress.</li><li>Many Republican lawmakers have warned institutions such as the Federal Reserve and the Treasury Department away from exploring CBDC development, often citing financial privacy concerns.</li></ul>

US lawmakers advance anti-CBDC bill

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