#Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
Gate Square TOP 40 Creator Leaderboard is out
🙌 Vote to support your favorite creators: www.gate.com/activities/community-vote
Earn Votes by completing daily [Square] tasks. 30 delivered Votes = 1 lucky draw chance!
🎁 Win prizes like iPhone 16 Pro Max, Golden Bull Sculpture, Futures Voucher, and hot tokens.
The more you support, the higher your chances!
Vote to support creators now and win big!
https://www.gate.com/announcements/article/45974
US Congressman Emmer calls for legislation to promote Stable Coin, oppose central bank Digital Money
According to the TechFlow news on March 12, as reported by Cointelegraph, U.S. Congressman Tom Emmer called for priority legislation to support stablecoins at the U.S. House Financial Services Committee hearing on March 11, while also stating that Central Bank Digital Money (CBDC) poses a threat to American values.
Emmer reintroduced the "CBDC Anti-Surveillance Act" in the House on March 6, aimed at preventing future governments from launching the US CBDC without explicit approval from Congress. He stated that "CBDC technology is fundamentally non-American" and warned that allowing non-elected bureaucrats to issue CBDCs "may disrupt the American way of life".
At the same hearing, Paxos CEO Charles Cascarilla urged lawmakers to establish consistent stablecoin regulation across jurisdictions to avoid regulatory arbitrage. Emmer emphasized that stablecoins can bring traditional finance onto the chain globally while protecting privacy.