Blockchain Association urges Senate to reject retail CBDC, back Clarity Act

Blockchain Association urges Senate to block a retail CBDC. The group backs the CLARITY Act and warns of surveillance risks to consumers and harm to private stablecoins.

The Association says it sent a formal letter to Senate leaders opposing a government-issued digital dollar. Source: Blockchain Association tweet.

160 former national security, intelligence, and law enforcement professionals signed in support of the CLARITY Act. Source: Blockchain Association tweet.

The letter’s privacy case targets the design of a retail CBDC ledger controlled by the Fed. Every consumer transaction would sit on a government-run database. The Association calls this a surveillance tool that would erode financial privacy and undercut private stablecoins. Source: Coinspeaker reporting.

Lobbying is active. The Association plans a fly-in with meetings across 18 Senate offices and a virtual town hall on law enforcement and national security. Source: Blockchain Association tweet.

Policy backdrop matters. Recent White House stablecoin signals favor private-sector solutions over a federal digital dollar. Source: Coinspeaker: White House stablecoin policy and the CLARITY Act.

Headline
Blockchain Association moves to block retail CBDC, rallies 160 signatories for CLARITY Act