I've been closely following US crypto regulation this year, and this latest twist was unexpected. 😅
Congress passed a bipartisan bill that includes restrictions on a future US CBDC with overwhelming support:
• House: 358–32
• Senate: 85–5
One of the few crypto-related measures backed by both parties.
But just an hour before the planned signing ceremony, Trump reportedly halted the process.
His stance? Pass the SAVE America Act first, or no deal.
The SAVE America Act would require proof of citizenship for voting, though many lawmakers believe it faces significant challenges in the Senate.
That creates an interesting situation 👇
Trump has repeatedly criticized CBDCs as a threat to privacy and financial freedom.
Yet the bill containing CBDC restrictions is now being delayed because of a separate political dispute.
Meanwhile, time is running short for other major crypto legislation, including the CLARITY Act, as Congress approaches its summer recess.
Five weeks. One political standoff. Potentially major implications for the future of US crypto regulation. 🎯
💬 What’s your view?
Is this really about election integrity, or is crypto becoming leverage in a much larger political battle?
#TrumpCancelsHousingBillWithCBDCBan #USPCEInflationHits4.1% #MemeCoreMTokenCrashes80% #MicronSharesRise10%AfterHours
Congress passed a bipartisan bill that includes restrictions on a future US CBDC with overwhelming support:
• House: 358–32
• Senate: 85–5
One of the few crypto-related measures backed by both parties.
But just an hour before the planned signing ceremony, Trump reportedly halted the process.
His stance? Pass the SAVE America Act first, or no deal.
The SAVE America Act would require proof of citizenship for voting, though many lawmakers believe it faces significant challenges in the Senate.
That creates an interesting situation 👇
Trump has repeatedly criticized CBDCs as a threat to privacy and financial freedom.
Yet the bill containing CBDC restrictions is now being delayed because of a separate political dispute.
Meanwhile, time is running short for other major crypto legislation, including the CLARITY Act, as Congress approaches its summer recess.
Five weeks. One political standoff. Potentially major implications for the future of US crypto regulation. 🎯
💬 What’s your view?
Is this really about election integrity, or is crypto becoming leverage in a much larger political battle?
#TrumpCancelsHousingBillWithCBDCBan #USPCEInflationHits4.1% #MemeCoreMTokenCrashes80% #MicronSharesRise10%AfterHours