U.S. Congressman Champions Stablecoins While Strongly Opposing CBDCs!

The American Congressman Tom Emmer recently reaffirmed his support for stablecoins and his strong opposition to central bank digital currencies (CBDCs), which he views as a threat to citizens’ financial freedom. During a recent intervention on March 11, 2025, Emmer again presented his pro-stablecoin bill aimed at promoting these digital assets while slowing the development of CBDCs in the United States.

A Strong Support for Stablecoins

Emmer, one of the most fervent advocates of cryptocurrencies in the American Congress, believes that stablecoins are a healthy and necessary alternative to traditional fiat currencies. Unlike CBDCs, which could be controlled by the state, stablecoins provide a decentralized option that allows citizens to maintain their financial autonomy.

He asserts that these assets, if well-regulated, can stimulate innovation and reinforce the leadership of the United States in the cryptocurrency industry. Additionally, he highlights the potential of stablecoins to improve cross-border payments and provide better stability for digital transactions. This could also attract institutional capital, as Hon Ng, legal director of Bitget, believes:

The decision of the parliamentary committee to regulate stablecoins while rejecting the central bank digital currency (CBDC) reflects a strategic effort to encourage private sector innovation while imposing plans to accelerate the dominance of the US dollar. Clear and proportionate regulations, focused on the transparency of issuers and mandatory reserves, could legitimize stablecoins, attract institutional capital, and accelerate their adoption.

CBDC: A Threat to Financial Freedom?

For Tom Emmer, CBDCs are “anti-American” to the extent that they could allow the government to monitor and control citizens’ financial transactions. He fears that such a system would give the state excessive power over personal finances, which contradicts the principles of individual freedom and privacy upheld by the American Constitution.

His bill thus aims to prevent the Federal Reserve from developing a programmable CBDC that could be used to restrict or censor certain transactions. He believes that the American banking system, based on competition and innovation, should not be jeopardized by a centralized currency controlled by the government.

This stance in favor of stablecoins is part of a broader debate on crypto regulation in the United States. While some lawmakers see CBDCs as a means of modernizing the financial system, others, like Emmer, view them as a danger to individual sovereignty. What will be the reaction of the EU whose CBDC (the digital Euro) will soon be released? Will it again maintain a worrying silence, as with the Bitcoin reserve decreed by Trump?