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- US House Acts to Halt CBDC Progress While Advancing Stablecoin Legislation to Full Congressional Consideration
US House Acts to Halt CBDC Progress While Advancing Stablecoin Legislation to Full Congressional Consideration
Austin Hodge
April 04, 2025
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In a dramatic statement vote, the House Financial Services Committee has given a nod to H.R. 1919, better known as the Anti-CBDC Surveillance State Act, a proposal that could put the brakes on a U.S. central bank digital currency. With a 27-22 vote, this legislation, spearheaded by House Majority Whip Tom Emmer, marks a decisive step by Republicans to fend off what they view as potential governmental overreach. Amidst a clamor of debates in Congress over digital assets, the bill stirs the pot by prioritizing financial privacy over perceived surveillance threats. On the other hand, the same committee passed the STABLE Act which would establish a clear regulatory framework for stablecoins should it pass full house and senate votes.
Meanwhile, the latest round of tariff announcements take markets for a ride while stablecoins and tokenization continue heating up!
Let's dive in!
U.S. House Financial Services Committee passes the Anti-CBDC Surveillance State Act to curb central bank digital currency development, citing privacy concerns. — Read More
Crypto prices plummet as Trump's tariffs prompt massive sell-off, Bitcoin drops to $83,000, Ethereum falls to $1,820, XRP declines to $2. — Read More
Peter Schiff foresees a harsh recession in the US while other economies experience a significant upswing. — Read More
Pre-seed crypto startup deals have grown 767% since 2021, driven by Bitcoin's long-term security appeal. — Read More
CEX listings achieved over 80% average returns, outshining NYSE and Nasdaq IPOs, despite concerns over manipulation potential. — Read More
10-year Treasury yield falls to 4%, US Dollar Index drops to six-month low, tariffs and trade concerns raise supply shock fears, Bitcoin and gold gain traction. — Read More
A new survey reveals 21% of US adults, approximately 55 million people, now own cryptocurrencies, signaling widespread adoption. — Read More
Mitsubishi UFJ Trust and Banking announces imminent rollout of Japan's first fiat-pegged stablecoin for carbon trading and future trade settlements. — Read More
Fidelity's new crypto IRA includes Litecoin, offering potential benefits but market sentiment remains bearish. — Read More
BNY Mellon unveils blockchain-powered accounting tool with BlackRock as its first client, enhancing transparency and fund management. — Read More
Brazil's largest bank, Itaú Unibanco, is exploring stablecoin development while cautiously awaiting regulatory guidelines from the central bank. — Read More
Decentraland hosts Metaverse Fashion Week 2025 with over 47 global designers showcasing digital and AI-enhanced fashion collections. — Read More
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SHFL Revolutionizes Crypto Gaming
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Japanese Gaming Firm Enish Bets Big on Bitcoin
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