Humayun100

I've been following US crypto regulation all year.

And today's development genuinely surprised me. 😅

Congress passed a bipartisan bill that includes restrictions on a future US CBDC.

The vote wasn't even close.

358-32 in the House. 85-5 in the Senate.

Support came from both sides of the aisle, making it one of the rare crypto-related issues with broad bipartisan backing.

Then, just one hour before the scheduled signing ceremony, Trump reportedly pulled the plug.

His position?

Pass the SAVE America Act first, or no deal.

The SAVE America Act would require proof of citizenship for voting, but many lawmakers believe it faces major obstacles in the Senate.

Which creates a strange situation 👇

Trump has previously described CBDCs as a threat to privacy and financial freedom.

Yet now, the legislation containing CBDC restrictions is being delayed because of an unrelated political fight.

The irony is hard to miss.

Meanwhile, the clock is ticking for other major crypto legislation, including the CLARITY Act, as Congress moves closer to its summer recess.

Five weeks.

One political standoff.

And potentially major consequences for the future of US crypto regulation. 🎯

💬 What do you think?

Is this about protecting election integrity, or is crypto becoming a bargaining chip in a much bigger political battle?

#TrumpCancelsHousingBillWithCBDCBan

Crypto cards are becoming a big trend.

More people want to spend crypto as easily as they use a normal bank card.

Now Binance has finally introduced its Virtual Card for users in selected Asian regions.

Have you claimed yours yet?

#Binancecard #BinanceSquare