U.S. House Committee on Rules Plans to Add CBDC Ban Provision to CLARITY Act

Source
JH Kim

Summary

  • The U.S. House Committee on Rules announced plans to add a provision prohibiting the issuance of CBDC to the Digital Asset Market Structure bill, the CLARITY Act.
  • It was reported that on this day, the House passed procedural votes for the stablecoin regulation law and the CLARITY Act to be brought to the floor.
  • It was stated that if a CBDC ban provision is included, it could restrict the future launch of a digital dollar and have a major impact on related discussions.

On the 16th (local time), according to Eleanor Terrett, host of Crypto in America, the U.S. House Committee on Rules is reportedly planning to add a provision prohibiting the issuance of central bank digital currency (CBDC) to the Digital Asset Market Structure bill, the CLARITY Act.

This move comes as the House passed procedural votes for bringing the stablecoin regulation law (Genius Act) and the CLARITY Act to the floor on the same day.

If the CBDC ban provision is included, it could restrict the future rollout of a digital dollar, which is expected to have a significant impact on related discussions. The CLARITY Act aims to clarify the legal status and market structure of digital assets.

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JH Kim

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