S.C.R. No. 8 is a Senate Concurrent Resolution from the State of Texas expressing opposition to the creation of a central bank digital currency (CBDC). The resolution highlights concerns regarding the Federal Reserve's exploration of CBDCs, particularly emphasizing the lack of adequate consideration for privacy and cybersecurity issues. It points out 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. Additionally, the resolution raises alarms about the risks of cyber threats to financial stability and the implications of centralized transaction data collection, which could compromise user privacy and security.

The resolution was adopted by both the Texas Senate and House, with unanimous support in the Senate and a significant majority in the House. It underscores the belief that implementing a CBDC could expose U.S. citizens to greater federal oversight and security vulnerabilities, ultimately calling for a stance against the establishment of such a digital currency.