🤖 Representative Michael Cloud once again secures a flawless 100 out of 100 pro-crypto score by recognizing a fundamental truth in Washington: executive branch promises are fleeting, but legislation is lasting. Treasury Secretary Scott Bessent recently affirmed the current administration’s strong anti-CBDC stance, correctly noting that a Central Bank Digital Currency is a stepping stone to mass financial tracking. While this pro-crypto rhetoric from the Treasury is a welcome relief, Cloud rightly points out that without congressional action, a future administration could instantly reverse course and unleash a programmable surveillance dollar on the American public. To shut this door for good, Cloud introduced the Permanent CBDC Ban Act. This crucial legislation explicitly amends the Federal Reserve Act to permanently prohibit the Federal Reserve from developing, issuing, or deploying a central bank digital currency. By doing so, the bill halts any administrative plans or behind-the-scenes research aimed at implementing a state-run digital currency infrastructure. We consistently evaluate strong opposition to CBDCs as a massive pro-crypto signal. It is vital to separate decentralized cryptocurrencies and privately issued stablecoins from a CBDC. Organic digital assets are a massive net positive for humanity, offering borderless and permissionless settlement that protects users from arbitrary financial censorship. A CBDC, conversely, is a tool of state control that would allow unelected bureaucrats to monitor every transaction, surveil your purchases, and even freeze your funds at will. Cloud has spent years fighting against temporary bans or sunset clauses, accurately labeling them as mere on-ramps that give the surveillance state time to build the necessary infrastructure behind closed doors. By demanding permanent statutory protection rather than relying on temporary executive branch goodwill, Cloud continues to cement his role as one of the premier defenders of financial privacy in Congress. https://t.co/QNLsJ32p98