The resolution expresses the Texas Legislature's opposition to the creation of a central bank digital currency (CBDC) by the Federal Reserve. It highlights concerns regarding privacy and cybersecurity, noting that a CBDC would establish a direct relationship between the Federal Reserve and consumers, potentially leading to increased government surveillance and control over personal financial transactions. The resolution emphasizes that while CBDCs could offer benefits, they also pose significant risks, including vulnerabilities that could be exploited by cyber threats, which may compromise the financial stability of the nation.

Furthermore, the resolution points out that the centralized collection of transaction data associated with CBDCs raises major privacy and security concerns, as it could facilitate unauthorized access to sensitive information. It acknowledges that while some proposals aim to mitigate these risks, they may inadvertently reduce transparency for regulatory bodies tasked with combating illicit financial activities. Ultimately, the resolution calls for caution and expresses a clear stance against the implementation of a CBDC in Texas.