Wed. May 6th, 2026

Digital Dollar Fears Surge as Lawmakers Warn of Government-Controlled Spending

Concerns over a potential “digital dollar” intensified this week as lawmakers warned that a new form of government-issued currency could reshape how Americans spend and save.

Known as a Central Bank Digital Currency, or CBDC, the proposal would place digital money under the authority of the Federal Reserve. Debate reignited after Rep. Eric Burlison issued a sharp warning.

“Flip a switch, you can’t buy a firearm. Flip another, you can’t donate to your church,” Burlison wrote on X. “China built that system. We are NOT building it here.”

He added, “A Central Bank Digital Currency is a threat to all of our rights and liberties. It must be banned.”

Critics say a CBDC could allow real-time transaction monitoring, restrict purchases and reduce financial privacy. The issue reached Congress during debate over renewing Foreign Intelligence Surveillance Act Section 702, where efforts to block the digital currency failed.

Order James Lasher’s New Book, “The Revelation of Jesus” on Amazon.com!

Senate Majority Leader John Thune warned any ban would be “dead on arrival,” while Rep. Scott Perry said Americans “don’t want the government monitoring their bank accounts, telling them what they can buy.”

More than 130 countries are developing CBDCs, with China leading large-scale testing. Several states, including Florida, have already moved to restrict their use. The Federal Reserve has not made a final decision and says it would require congressional approval.

People have been sounding the alarm on this for years, and the warnings are no longer sitting on the fringe. The conversation has reached the highest levels of government, and the framework is already being tested around the world. The question is no longer whether the technology exists. The question is how far it will go.

The book of Revelation clearly lays out a system where control over buying and selling is absolute. That level of control demands one thing: the removal of physical cash and the full transition into a digital system where every transaction can be tracked, approved or denied.

Some refuse to listen as the pieces come together in real time. That refusal changes nothing. Biblical prophecy continues to move forward, step by step, exactly as it was written.

James Lasher, a seasoned writer and editor at Charisma Media, combines faith and storytelling with a journalism background from Otterbein University and ministry experience in Guatemala and at the LA Dream Center. A Marine Corps and Air Force veteran, he is the author of The Revelation of Jesus: A Common Man’s Commentary and a contributor to Charisma magazine. For interviews and media inquiries, please contact [email protected].

Leave a Reply

By submitting your comment, you agree to receive occasional emails from [email protected], and its authors, including insights, exclusive content, and special offers. You can unsubscribe at any time. (U.S. residents only.)

Your email address will not be published. Required fields are marked *

Related Podcasts

More News
5 Signs You’re Ignoring Your Conscience and Becoming Spiritually Numb
5 Signs You’re Ignoring Your Conscience and Becoming Spiritually Numb
previous arrow
next arrow
Shadow

Latest Videos
137K Subscribers
1.6K Videos
17.9M Views

Copy link