China has already shown the world how digital systems can become weapons of control.

The Chinese Communist Party (CCP) has built an enormous surveillance state in which citizens’ movements, communications, and financial activities can be tracked. A government-controlled digital currency would make that power even more dangerous.

A purchase could be rejected even when the buyer has sufficient funds.

An account could be restricted because the owner exceeded a government-imposed spending limit on one item or on any item that isn’t approved.

Any citizen who supports a disfavored organization or cause could find themselves financially isolated with the press of a politician’s button.

Even savings could be penalized. If a government wanted to stimulate the economy, a politician could decide to devalue everything that is saved above a certain percentage. This would wreak havoc on the economy. Every dollar you save could lose a certain percentage every day it is not spent.

The government would not need to seize your assets — it would already control all of them. It would control your whole wallet.

This is not merely about replacing paper dollars with a digital version. It is about transferring unprecedented power over private transactions from the American people to the federal government.

That power must never be created.

FAX CONGRESS NOW to demand No Federal CBDC EVER!

Central banks around the world have already discussed troubling features for government-issued digital currencies.

A 2021 Goldman Sachs report noted that central banks were considering penalties on CBDC holdings above certain limits. Rather than encouraging families to save, such a system could punish people for building a nest egg.

The report also noted that central banks were rejecting fully anonymous accounts or sharply limiting anonymous transactions under the banner of preventing “illicit activity.”

In other words, your financial privacy would disappear.

Government officials could potentially see where you shop, which organizations you support, and how you spend your money.

The European Central Bank has considered limits on how much digital currency an individual could hold. European officials have also discussed sharing transaction information with financial intelligence authorities.

Already Sweden and other nations have experimented with negative interest-rate policies — effectively charging people for holding money rather than spending it.

First, they monitor your money.

Then they limit your savings.

Finally, they decide when, where, and whether you may spend it.

America must never travel down that road. FAX CONGRESS to demand No Federal CBDC!

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Mat Staver, Chairman
John Stemberger, President
Liberty Counsel Action

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Sources:

“H.R.6644 - 119th Congress (2025-2026): 21st Century ROAD to Housing Act.” Congress.gov. Accessed June 23, 2026. Congress.gov/bill/119th-congress/house-bill/6644/text.

Polumbo, Brad. “Why a ‘Digital Dollar’ Is a Really Bad Idea.” Foundation for Economic Education, Sept. 13, 2022. Fee.org/articles/why-a-digital-dollar-is-a-really-bad-idea/.