🇺🇸 English
🇺🇸 I've been following US crypto regulation all year, and today's developments genuinely caught me off guard. 😅
Congress passed a bipartisan bill that includes restrictions on a future US CBDC, with overwhelming support:
🗳️ House: 358–32
🗳️ Senate: 85–5
Strong backing from both Republicans and Democrats made it one of the few crypto-related measures to receive broad bipartisan support.
However, reports indicate that just one hour before the scheduled signing ceremony, President Trump halted the process.
His reported stance: "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 significant hurdles in the Senate.
This creates an unusual situation.
Trump has repeatedly criticized CBDCs, calling them a threat to privacy and financial freedom. Yet the bill containing CBDC restrictions is now reportedly 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 do you think?
Is this about protecting election integrity, or is crypto becoming part of a much larger political negotiation?
#TrumpCancelsHousingBillWithCBDCBan
🇺🇸 I've been following US crypto regulation all year, and today's developments genuinely caught me off guard. 😅
Congress passed a bipartisan bill that includes restrictions on a future US CBDC, with overwhelming support:
🗳️ House: 358–32
🗳️ Senate: 85–5
Strong backing from both Republicans and Democrats made it one of the few crypto-related measures to receive broad bipartisan support.
However, reports indicate that just one hour before the scheduled signing ceremony, President Trump halted the process.
His reported stance: "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 significant hurdles in the Senate.
This creates an unusual situation.
Trump has repeatedly criticized CBDCs, calling them a threat to privacy and financial freedom. Yet the bill containing CBDC restrictions is now reportedly 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 do you think?
Is this about protecting election integrity, or is crypto becoming part of a much larger political negotiation?
#TrumpCancelsHousingBillWithCBDCBan