🚨 JUST IN: House Speaker Mike Johnson has handed Donald Trump a 10-day ultimatum to sign a housing bill that would effectively block the US Federal Reserve from issuing or creating a Central Bank Digital Currency (CBDC) until 2030.
This explosive development comes on the heels of a White House-backed housing bill with a provision that could have seismic implications on the global cryptocurrency landscape. The proposed ban on CBDCs has sent shockwaves throughout the crypto community, with many worried that this could cripple the growth of $SUI , a key decentralized finance player that relies heavily on stablecoin technology.
Insiders believe that the real target here is the Federal Reserve's ongoing digital dollar project, which aims to provide a digital alternative to traditional fiat currency. By blocking a CBDC, the US government could be crippling its own efforts to establish a digital dollar and creating a power vacuum that other nations could fill.
The implications of this move
This explosive development comes on the heels of a White House-backed housing bill with a provision that could have seismic implications on the global cryptocurrency landscape. The proposed ban on CBDCs has sent shockwaves throughout the crypto community, with many worried that this could cripple the growth of $SUI , a key decentralized finance player that relies heavily on stablecoin technology.
Insiders believe that the real target here is the Federal Reserve's ongoing digital dollar project, which aims to provide a digital alternative to traditional fiat currency. By blocking a CBDC, the US government could be crippling its own efforts to establish a digital dollar and creating a power vacuum that other nations could fill.
The implications of this move