Congress·In Committee·S. 1124

Anti-CBDC Surveillance State Act

Senate Bill Would Ban Federal Reserve from Developing a Digital Dollar

Mar 25, 2025·View on Congress.gov·Read full text

This bill is one vehicle in a longer effort. See the full story across every version.View effort →

StalledNext up: A senate committeeNo action in 15 months

A senate committee must act next: committee consideration.

Legislative Progress

Senate

No action since March 2025

House

President

Law

How we got here

This bill’s path across every version that has carried it.

Reintroduced
Reintroduced from S. 3801 (118th), which died when its Congress ended.
S. 3801 (118th) →

Key Points

Congress would block the Federal Reserve from creating or issuing a “digital dollar” that people could use like cash.
The bill would stop the Federal Reserve from offering services directly to individuals, like holding personal accounts at the Fed.
It would also ban the Fed from issuing a digital dollar through banks or other middlemen, not just directly to the public.
The bill would bar the Fed from even testing or developing this kind of currency, and from using it to run monetary policy.
Supporters frame this as a privacy safeguard; it would also limit future options for faster government-backed digital payments.

EconomyConsumer ProtectionData PrivacyCryptocurrency

Impact Analysis

Personal Impact

How this policy affects specific groups of people

Negative Impacts(1)

Federal Employee

Hurts

Milestones

2 milestones2 actions

Mar 25, 2025Senate

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

Mar 25, 2025

Introduced in Senate

The bill was officially filed and given a number. It now enters the legislative queue.

Related News

4 articles

CBS News·Jul 18, 2025

Trump signs landmark GENIUS Act, hailing 'exciting new frontier' for crypto

Lawmakers approved the Anti-CBDC Surveillance State Act, which prevents the Federal Reserve from issuing any retail central bank digital currency directly to Americans. The legislation is seen by the Trump administration as a way to prioritize private innovation over government-run currency.

Center

BNN Bloomberg·Jul 11, 2025

Crypto investors look ahead to policy wins, propelling bitcoin to record high

The House is set to vote on the Anti-CBDC Surveillance State Act during 'Crypto Week.' The bill is part of a broader GOP push to revamp rules in favor of the industry and block the development of a government-controlled digital dollar that could compete with private stablecoins.

Center

Fox Business·Feb 26, 2024

Cruz, GOP senators double down on anti-central bank digital currency legislation

Senator Ted Cruz and GOP colleagues introduced the Senate companion to the Anti-CBDC Surveillance State Act. Cruz argued that a digital dollar would give the government unprecedented surveillance powers, emulating China's use of CBDCs to track personal spending habits.

Right

No votes recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

Anti-CBDC Surveillance State Act

Bill NumberS 1124

Congress119th Congress

ChamberSenate

Latest ActionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(8)

R: 8

Analysis generated by AI. Always verify with official sources.