Anti-CBDC | Crypto

The US House of Representatives will be in recess for the month of August, but the Senate still has a week of business to address two crypto bills before breaking. Representative Tom Emmer, the sponsor of the US House’s Anti-CBDC Surveillance State Act, said the bill, if passed, would significantly limit the Federal Reserve’s ability to issue a central bank digital currency. In a Friday press call, the Minnesota representative spoke on the progress of the Anti-CBDC bill, which he introduced in the House in March. “If [the Fed] could emulate cash, then the law is going to afford them that ability, but right now, they can’t,” said Emmer on the US government issuing a CBDC.  Read more

The House has reversed Tuesday's defeat by passing a rule that advances the GENIUS Act, the Digital Asset Market Clarity Act and the Anti-CBDC Surveillance State Act. President Trump's late night lobbying secured GOP unity and could deliver the stablecoin bill to his desk this week.   The post GENIUS Act, Anti-CBDC Act, and CLARITY Act Pass Procedural Vote in Congress appeared first on Cryptonews.