Senator Bill Hagerty Discusses CBDC Anti-Surveillance Legislation on Hard Asset Money Show

On April 16, 2024, Christian Briggs, CEO of Hard Asset Management, Inc., interviewed Senator Bill Hagerty on the "Hard Asset Money Show" in San Juan, Puerto Rico. Senator Hagerty discussed his recent legislative proposal, the Central Bank Digital Currency (CBDC) Anti-Surveillance State Act, which he introduced on February 26, 2024, to prevent the Biden Administration from issuing a CBDC in the United States.

During the discussion, Senator Hagerty expressed serious concerns regarding the possibility of CBDC leading to increased government surveillance and breaches of privacy rights. He referenced prior government actions, like Operation Choke Point and incidences of profiling by the Financial Crimes Enforcement Network (FinCEN), as examples of potential misuse of financial systems for political purposes. "Our financial privacy is at stake, and we must take action to protect it," stated Hagerty.

The episode highlights the potential consequences of introducing a CBDC in terms of personal freedoms and privacy. "Discussing these critical issues with Senator Hagerty offers our listeners valuable insights," added Briggs. The show aims to provide an in-depth understanding of the ongoing debates regarding digital currencies and the future of financial privacy in America.